New Launch27 Jul 2025, 09:30 pm
Laurus Labs Secures 531.77 Acres in Andhra Pradesh for Laurus Pharma Zone
AI Summary
Laurus Labs Ltd has been allotted 531.77 acres of land in IP Rambilli Phase-II of Anakapalli District, Andhra Pradesh, by the state government for the establishment of Laurus Pharma Zone (LPZ). The LPZ will be used for setting up manufacturing units for pharma products. The government issued G.O.Ms.No.136 dated July 27, 2025, for the allotment of land to the company. Laurus Labs has projected an investment of 5,630 Crores and plans to provide employment to 6,350 people in three phases over eight years. This land allotment secures an important component for the company's future business expansion.
Key Highlights
- Laurus Labs Ltd has secured 531.77 acres of land in Andhra Pradesh for Laurus Pharma Zone.
- The land allotment is for setting up manufacturing units for pharma products.
- The company has projected an investment of 5,630 Crores and plans to provide employment to 6,350 people.
- The project will be executed in three phases over eight years.
- This land allotment secures an important component for the company's future business expansion.