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This is an archive article published on June 22, 2006

Cipla plans Rs 384-cr plant in Pune

Cipla Ltd is planning to set up a Rs 384-crore manufacturing facility at Kurkumbh MIDC, about 75 km from here.

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Cipla Ltd is planning to set up a Rs 384-crore manufacturing facility at Kurkumbh MIDC, about 75 km from here. Cipla said the new facility was being planned to meet growing demand of various products in the international market.

The new facility, with a capacity to produce 320 tonnes of API (active pharmaceutical ingredient) and 200 crore formulations per year, will produce antiretroviral, anti inflammatory, anti diabetic, anti bacterial, antipsychotic and anti hypertensive drugs.

Joint Managing Director of Cipla Amar Lulla confirmed the company’s plans, saying the work on project is expected to commence in a couple of months. ‘‘According to the rules, approval of Maharashtra State Pollution Control Board is required to set up the facility. The work of setting up the plant would begin once the approval is granted,’’ he said.

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Lulla said the turnover of the existing plant was about Rs 1,000 crore. The new plant, a 100 per cent export-oriented-unit, is expected to add another Rs 1,000 crore to the annual turnover, he said. ‘‘No decision on awarding the engineering procurement contract for the new plant has been taken as yet. The plant would be indigenously run and Cipla would not have technical tie up with any foreign company for the project’’, Lulla said.

The facility, which would come up near the existing plant of Cipla, is expected to create job opportunities for 400 people in the drought prone Daund taluka of Pune district. Besides, it will provide direct and indirect employment to another 200 people.

Cipla has already submitted the project report to the Maharashtra Pollution Control Board (MPCB) for approval. Hearing on the suggestions and objections would be held at Baramati on July 21 after which decision on granting No Objection Certificate (NOC) for the project would be taken.Cipla closed at Rs 225.25 on the NSE, up 2.3% in a firm market.

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