Divi's Laboratories Ltd to expand capacity at an outlay of Rs. 650 to Rs. 700 crores

Divi's Laboratories Limited is in the process of entering into a long-term supply agreement with a customer and is planning for capacity addition at its manufacturing facility with an estimated investment between ₹650 crores to ₹700 crores, to be funded from internal accruals. The proposed facility is expected to be operational around January, 2027.

Due to the confidentiality agreement signed with the customer, the Company is not permitted to disclose any further quantitative details.

Shares of Divi's Laboratories Limited was last trading in BSE at Rs. 3816.45 as compared to the previous close of Rs. 3769.75. The total number of shares traded during the day was 29559 in over 3062 trades.

The stock hit an intraday high of Rs. 3823.00 and intraday low of 3767.35. The net turnover during the day was Rs. 112612528.00.

Source : Equity Bulls

Keywords

DivisLaboratories INE361B01024 LongTermSupplyAgreement CapacityAddition Expansion