Aurobindo Pharma aims to complete Rs 2,000 crore Penicillin G plant in AP by March 2024
According to him, out of Rs 2000 crore, the drug maker has already spent around Rs 500 crore and Rs 1,500 crore is going to be spent in the coming year.;
Hyderabad: Aurobindo Pharma's aims to complete its Rs 2,000 crore Penicillin G (Pen G) plant in Andhra Pradesh by March 2024 even as the trial or the pilot batches will take place starting October next year onwards, S Subramanian, Chief Financial Officer, Aurobindo Pharma has said.
Replying to a query during the recent earnings call, he said the overall project of USD 235 million, the major will be to put a de-salination plant, the fermentation process, power blocks, among others, and multiple subprojects are being done with purchase orders been issued.
"So, we believe by next September or October, the installation should be over. After that, the trial or the pilot batches will take place starting October next year onwards. So, our target is to complete the projects by March'24, and it's our endeavour to advance it," Subramanian said.
"The material is expected to be received in this quarter and the next quarter, and significant portions of the buildings and blocks have been done," he further said.
Read also: Aurobindo Pharma subsidiary bags USFDA nod for Amphotericin B Liposome for Injection
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