Aarti Pharmalabs Ltd inaugurates phase 1 of greenfield manufacturing facility

Aarti Pharmalabs Limited has inaugurated phase 1 at the greenfield manufacturing facility located at Atali, District Bharuch, Gujarat. The company has successfully obtained all the necessary permissions and approvals to start the facility. Phase 1 has a total reactor capacity of 440 kL with 63 reactors. It is noteworthy that this greenfield site is spread across 80 acres of land and in future, is scalable up to capacity of 8-10 times that of phase 1.

Commenting on this milestone, Mr. Rashesh Gogri, Chairman of Aarti Pharmalabs, said: Starting the seventh manufacturing site is a significant milestone in the growth trajectory of Aarti Pharmalabs. This site will serve as a growth engine for the CDMO / CMO business and enhance the intermediates capacity. The inauguration of phase 1 is only the beginning of a journey. We envisage to set up additional manufacturing blocks at this site to ultimately advance towards CDMO / CMO revenue goal of Rs. 1000 crores. With state of the art infrastructure, this site will help strengthen our product portfolio and serve innovators and large pharmaceutical companies.

The inauguration event witnessed the presence of our Chairman, Managing Directors, the Senior Management team, alongside the dedicated members of the Aarti Pharmalabs team. This new venture emphasizes a commitment towards company growth and capability development to cater to specialized pharmaceutical needs.

Shares of Aarti Pharmalabs Limited was last trading in BSE at Rs. 879.25 as compared to the previous close of Rs. 870.05. The total number of shares traded during the day was 13093 in over 1155 trades.

The stock hit an intraday high of Rs. 888.35 and intraday low of 865.65. The net turnover during the day was Rs. 11500114.00.

Source : Equity Bulls

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AartiPharmalabs INE0LRU01027 Pharmaceuticals Inauguration Phase1 GreenfieldManufacturingFacility