Business Update13 Oct 2025, 03:38 pm
Coral Laboratories to Expand Capacity by 360,000 kgs of Ointment Manufacturing at Dehradun Plant
AI Summary
Coral Laboratories Ltd. announced that its Board of Directors has decided to expand the company's existing plant located at Dehradun with an additional capacity of 360,000 kgs of ointment manufacturing. The existing plant has a capacity of 180,000 kgs with an approximate utilization of 80%. The proposed capacity addition is expected to be completed within 6 months, with an estimated investment of approximately INR 30 crores. The company plans to finance this expansion through a bank overdraft or internal accruals.
Key Highlights
- Coral Laboratories to expand existing plant capacity by 360,000 kgs of ointment manufacturing
- Expansion to be completed within 6 months
- Estimated investment of approximately INR 30 crores
- Financing through bank overdraft or internal accruals
- Expansion aims to meet captive demand and sales in domestic and international markets