New Launch18 Mar 2026, 08:01 pm
Alkem Laboratories to Invest INR 533 Crores in New Greenfield Formulations Manufacturing Facility
AI Summary
Alkem Laboratories Ltd has received an allotment letter dated 18th March, 2026 from DMIC Vikram Udyogpuri Limited for allotment of land admeasuring about 30 acres in the Industrial Area DMIC Vikram Udyogpuri Limited, Phase— 2, Ujjain, for setting up of a greenfield formulations manufacturing facility of the Company in Ujjain, Madhya Pradesh. The Board of Directors of the Company has approved an investment of upto INR 533 crores to be made in a phased manner.
Key Highlights
- Alkem Laboratories has been allotted 30 acres of land in Ujjain, Madhya Pradesh for a greenfield formulations manufacturing facility.
- The company plans to invest INR 533 crores in a phased manner for the setup.
- The new facility is a part of the Industrial Area DMIC Vikram Udyogpuri Limited, Phase— 2, Ujjain.
- The initiative is in line with the company's expansion strategies.
- The project is subject to necessary approvals and compliance with regulations.