Divi's Laboratories Ltd commences construction of Unit-III near Kakinada

Divi's Laboratories Ltd has announced the commencement of construction of Divi's Laboratories Unit-III Facility (the Project) at Kona Forest, Ontimamidi Village, Thondangi Mandal, Near Kakinada, East Godavari District, Andhra Pradesh from the 7th December, 2020.

The Company will be investing about Rs. 1500 crores out of its internal accruals in phased manner for the implementation of its Unit III facility. The operations are likely to commence within 12 to 18 months for 1st 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.

Shares of DIVI'S LABORATORIES LTD. was last trading in BSE at Rs.3607.6 as compared to the previous close of Rs. 3545.35. The total number of shares traded during the day was 48901 in over 5407 trades.

The stock hit an intraday high of Rs. 3655 and intraday low of 3512.35. The net turnover during the day was Rs. 175343058.

Source : Equity Bulls

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