Divi’s Laboratories announced the commencement of construction of its Unit-III Facility (the Project) at Kona Forest, Ontimamidi Village, Thondangi Mandal, Near Kakinada, East Godavari District, Andhra Pradesh from December 7, 2020.
The company will be investing about Rs 1500 crores out of its internal accruals in a phased manner for the implementation of its Unit III facility.
The operations are likely to commence within 12 to 18 months for the first phase of the project.
All the requisite licenses have been granted by the Government of India and Government of Andhra Pradesh for implementation of the project.