Aurobindo Pharma inaugurates greenfield manufacturing unit of Eugia Steriles in Vishakhapatnam

Aurobindo Pharma Limited has announced to the exchanges regarding inauguration of green-field manufacturing Unit of Eugia Steriles Private Limited, a 100% step-down subsidiary of the Company.

 

According to the regulatory filing, this unit will manufacture general injectables and expected to supply globally in phases. 

 

The project cost of the Unit is approx. Rs 600 crore and the commercial production will be commenced during Q4 of FY24 in phases, the company said.

 

Accordingly, the green-field manufacturing unit is located at Plot numbers 1 and 2, APIIC Industrial Park, Parawada, Phase III, Tadi Village, Parawada Mandal, Vishakhapatnam, Andhra Pradesh of Eugia Steriles Private Limited, a 100% subsidiary of Eugia Pharma Specialities Limited and a step-down subsidiary of the Company.

 

At around 9:49 AM, shares of Aurobindo Pharma were surging higher by 0.64% at Rs 914.95 per share on the BSE.

Top stories
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read . 02 Aug 2024 . 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read . 02 Aug 2024 . 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read . 02 Aug 2024 . 12:36 PM

Related Blogs
blog-logo

Share Market

blog-logo

14 mins read . 06 Dec 2024

Stocks Under 1000 Rupees in India

  • 0 people read
blog-logo

Economy

blog-logo

8 mins read . 05 Dec 2024

History of Reliance Group

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions