Andhra Pradesh allots 531.77 acres of land to Laurus Labs
Andhra Pradesh: Laurus Labs has received a major boost for its expansion plans with the Government of Andhra Pradesh allotting 531.77 acres of land to the company in the IP Rambilli Phase-II of Anakapalli District.
The land will be used to establish the Laurus Pharma Zone (LPZ), which will house manufacturing units for pharmaceutical 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," Laurus stated in a BSE filing.
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.
In March, Medical Dialogues team reported that the company had approved an investment of Rs 83 crore in KRKA Pharma, a joint venture of the Company.
Read also: Laurus Lab Gets CDSCO Panel Nod To Manufacture and Market Sodium Phenylbutyrate Powder
Laurus Labs is an Indian pharmaceutical company headquartered in Hyderabad. The Company's major focus areas include anti-retroviral, Hepatitis C, and Oncology drugs.
Most of the Laurus Labs manufacturing facilities are approved by major regulatory authorities USFDA, WHO-Geneva, UK-MHRA, etc.
