Business Update13 Jun 2026, 05:51 pm
Kabra Drugs Gets LOI for ₹200 Cr Pharma Facility in Chhattisgarh
AI Summary
Kabra Drugs Ltd has received a Letter of Intent (LOI) from the Government of Chhattisgarh to establish a pharmaceutical manufacturing facility at Nava Raipur Pharma Park. The proposed project involves an investment of approximately ₹200 Crore and is expected to significantly enhance the company's manufacturing capabilities and support its long-term growth strategy. The facility is anticipated to create around 250 direct and indirect employment opportunities. The investment is contingent upon the execution of definitive agreements and obtaining necessary approvals and sanctions.
Key Highlights
- Received LOI for ₹200 Cr pharma manufacturing facility in Chhattisgarh.
- Project aims to expand manufacturing capacity and support long-term growth.
- Expected to generate approximately 250 direct and indirect jobs.
- Investment subject to definitive agreements and regulatory approvals.
Price Impact
More from KABRADG