Alkem Laboratories Limited to close operations at Beta Block in Baddi facility

The Board of Directors of Alkem Laboratories Limited vide Circular Resolution passed on 16th September, 2021 approved the closure of operations at Beta Block (Unit II) manufacturing facility located at Baddi.

The Beta Block (Unit-II) manufacturing facility at Baddi mainly catered to Domestic market for Injections and was significantly underutilized. To avoid operating expenditure in Baddi, it is decided to discontinue the manufacturing operations at this facility, pursuant to the date of closure this facility shall be used as a warehouse.

Shares of Alkem Laboratories Limited was last trading in BSE at Rs. 3895 as compared to the previous close of Rs. 3868.75. The total number of shares traded during the day was 5806 in over 1149 trades.

The stock hit an intraday high of Rs. 3895.6 and intraday low of 3746.7. The net turnover during the day was Rs. 22214682.

Source : Equity Bulls

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