Business Update13 Oct 2025, 03:58 pm
Coral Laboratories to Expand Capacity by 360000 kgs of Ointment Manufacturing at Dehradun Plant
AI Summary
Coral Laboratories Ltd, an ISO 9001: 2008 certified organization, has announced a capacity addition at their plant located in Dehradun. The company will be adding 360000 kgs of ointment manufacturing capacity, doubling their existing capacity of 180000 kgs. The proposed capacity addition is expected to be completed within 6 months, with an investment of approximately 30 crores. The company plans to finance this expansion through a bank overdraft or internal accruals. The rationale behind this capacity expansion is to meet captive demand and sales in domestic and international markets, aiming for business growth.
Key Highlights
- Coral Laboratories to expand capacity by 360000 kgs of ointment manufacturing
- Existing capacity is 180000 kgs of ointment manufacturing with approximately 80% utilization
- Expansion to be completed within 6 months with an investment of approximately 30 crores
- Financing to be done through bank overdraft or internal accruals
- Capacity expansion aims to meet captive demand and sales in domestic and international markets, driving business growth