Neuland Laboratories to Invest Rs. 189 Crs. in New State-of-the-art R&D Center

Neuland Laboratories Ltd. has approved a capital expenditure of Rs. 189 Crs. for setting up a new Research & Development (R&D) Center at the Company’s leased premises at Genome Valley, Plot No. 15B, Phase-l, MN Park, Shamirpet, Turkapally, Hyderabad, Telangana. The new R&D center, which will be built in a built-up area of about 1.35 lakh sq. ft., will replace the existing R&D center that is approximately 0.45 lakh sq.ft. The investment will be financed through borrowings and internal accruals.