Ami Organics Unveils new manufacturing facility in Ankleshwar, Gujarat

Ami Organics Limited (BSE: 543349, NSE: AMIORG), a leading global manufacturer of advance pharmaceutical intermediates and speciality chemicals, has announced the inauguration of its manufacturing plant in Ankleshwar, Gujarat. This development is a strategic part of the Company's commitment to bolstering its position in the advanced pharmaceutical intermediates segment.

The new manufacturing plant was Inaugurated by our esteemed clients in the presence of distinguished customers, key stakeholders, and the leadership team of Ami Organics Limited. The Ankleshwar site, extending over 10,375 square meters, is undergoing a significant brownfield expansion to support the company's burgeoning pharmaceutical intermediates business. The commencement of production is subject to receipt of necessary regulatory approvals.

On this special occasion, Mr. Naresh Patel, Executive Chairman & Managing Director, Ami Organics Limited, said: "Today's inauguration marks a significant leap forward for our Ankleshwar facility. Achieving near completion within a year since the groundwork commenced, reflects our team's dedication and expertise. The new plant is testimony to the state-of-the-art technology we are bringing to advanced pharmaceutical intermediate manufacturing in India."

The new facility, which replaces the previous facility, has been constructed with modern advanced technology and has acquired all necessary environmental clearances. The latest endeavour is symbolic of Ami Organics' commitment to innovation and its role inrevolutionising India's pharmaceutical intermediates landscape.

Shares of Ami Organics Ltd was last trading in BSE at Rs. 1140.65 as compared to the previous close of Rs. 1138.00. The total number of shares traded during the day was 9158 in over 1038 trades.

The stock hit an intraday high of Rs. 1170.00 and intraday low of 1125.15. The net turnover during the day was Rs. 10502695.00.

Source : Equity Bulls

Keywords

AmiOrganics NewManufacturingFacility Ankleshwar Gujarat