Aurobindo Pharma gets MoEFCC nod for Andhra Pradesh plant expansion
The Rs 250 crore expansion project by Aurobindo Pharma is expected to generate jobs for 600 people directly and 120 indirectly.
Hyderabad: The Rs 250-crore expansion plan of Aurobindo Pharma's manufacturing facility in Srikakulam district of Andhra Pradesh has been accorded environmental clearance by the Ministry of Environment, Forests and Climate Change.
The plan was for increasing the production capacity of for bulk drugs and intermediates manufacturing unit from 583.31 TPM (tonnes per month) to 1518.3 TPM, a press release said here Monday.
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The project involves also installation of a captive power plant of 8.85 MW, the release said.
The project is expected to create jobs for 600 people directly and 120 indirectly, it said.
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The estimated cost for the expansion is Rs 250 crore. The total capital cost earmarked for environmental pollution control measures is Rs 32.77 crore and the recurring cost (operations and maintenance) would be about Rs 8.84 crore per annum, it said.
Aurobindo Pharma is headquartered in HITEC City, Hyderabad, India. The company manufactures generic pharmaceuticals and active pharmaceutical ingredients. The company’s area of activity includes six major therapeutic/product areas: antibiotics, anti-retroviral, cardiovascular products, central nervous system products, gastroenterological, and anti-allergic. The company markets these products in over 125 countries. Its marketing partners include AstraZeneca and Pfizer.
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Farhat Nasim joined Medical Dialogue an Editor for the Business Section in 2017. She Covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She is a graduate of St.Xavier’s College Ranchi. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751 To know about our editorial team click here
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