January 31, 2015 10:24 pm | Updated 10:24 pm IST - HYDERABAD:
Divi’s Laboratories plans to invest Rs.500 crore in Andhra Pradesh to set up its third manufacturing facility as it looks to augment its production capacity.
“The company is considering setting up a third manufacturing site to augment capacities besides derisking its business,” Divis Laboratories said in a filing to the BSE.
The drug-maker had made an application to the Andhra Pradesh Government for allotment of land near Kakinada, and is awaiting favourable response, it added.
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