Blue Jet Healthcare initiates Phase 1 of Vizag Manufacturing Facility

Blue Jet Healthcare today marked the ground-breaking of its Vizag manufacturing facility in the presence of Hon'ble Minister for IT, Electronics & Communications and HRD, Shri Nara Lokesh, along with senior officials of the Government of Andhra Pradesh, industry partners, customers, and investors.

The Company's Board of Directors has approved Phase 1 of the project with an investment of approximately ₹1,000 crore vide resolution date July 31, 2025. The facility is envisaged as a multi-phase development with a long-term investment potential of up to ₹2,300 crore, subject to business milestones, regulatory approvals, and subsequent Board approvals.

The Vizag facility will focus on the manufacture of complex pharmaceutical intermediates and active pharmaceutical ingredients (APIs), strengthening Blue Jet Healthcare's capabilities as a global supplier to pharmaceutical innovators.

At scale, the project is expected to generate high-skilled direct employment and contribute to the development of the regional industrial ecosystem.

Speaking at the ceremony Mr. Shiven Arora, Managing Director, said: "Phase 1 marks an important milestone in our long-term expansion strategy. We appreciate the clarity and responsiveness extended by the Government of Andhra Pradesh, which provided the confidence to invest at scale. Our objective is to develop a globally benchmarked manufacturing platform aligned with evolving pharmaceutical supply-chain requirements."

Mr. Akshay Arora, Executive Chairman, added: "Founded in 1968, Blue Jet Healthcare has grown with a strong focus on governance and longterm partnerships. The Vizag project represents a disciplined expansion aligned with global demand and the Company's multi-decade growth plans."

The project aligns with Andhra Pradesh's industrial development objectives and supports India's broader agenda of strengthening advanced manufacturing and supply-chain resilience.

Shares of Blue Jet Healthcare Limited was last trading in BSE at Rs. 405.00 as compared to the previous close of Rs. 397.50. The total number of shares traded during the day was 27281 in over 812 trades.

The stock hit an intraday high of Rs. 408.00 and intraday low of 393.25. The net turnover during the day was Rs. 10910054.00.

Source : Equity Bulls

Keywords

BlueJetHealthcare INE0KBH01020 Pharmaceuticals Phase1 Vizag ManufacturingFacility