Laurus Labs Ltd allotted 531.77 acres of land by the Government of Andhra Pradesh

The Government of Andhra Pradesh has allotted 531.77 acres (Five hundred thirty-one acres and seventy-seven cents only) of land in IP Rambilli Phase-II of Anakapalli District to our Company for establishment of Laurus Pharma Zone (LPZ) for setting up of manufacturing units for Pharma products.

The Government of Andhra Pradesh has issued G.O.Ms.No.136 dated July 27, 2025 to this extent for allotment of land to the Company.

The Company has projected 5,630 Crores of investment and to provide employment to 6,350 people in three phases over a period of eight years. With this allotment, the Company has secured an important component for future expansion of its business i.e., land parcel.

Shares of Laurus Labs Limited was last trading in BSE at Rs. 838.05 as compared to the previous close of Rs. 835.85. The total number of shares traded during the day was 143793 in over 4957 trades.

The stock hit an intraday high of Rs. 845.60 and intraday low of 826.00. The net turnover during the day was Rs. 120324861.00.

Source : Equity Bulls

Keywords

LaurusLabs INE947Q01028 Pharmaceuticals LandAllotment AndhraPradeshGovernment