Investment7 Sept 2026, 05:30 pm
Neuland Labs Approves ₹126 Cr Land Purchase for Expansion
AI Summary
Neuland Laboratories Ltd announced board approval for a capital expenditure of ₹126 crores to acquire approximately 134 acres of land in Kakinada, Andhra Pradesh. This strategic acquisition is intended for future expansion of the company's operations. The company also holds a right of first refusal for an additional 66 acres, potentially increasing the total land parcel to 200 acres. The investment will be financed through internal accruals.
Key Highlights
- Board approves ₹126 crore land acquisition for future expansion.
- Acquisition includes 134 acres in Kakinada, Andhra Pradesh.
- Potential to acquire an additional 66 acres, totaling 200 acres.
- Expansion plans to be funded through internal accruals.
Price Impact
More from NEULANDLAB