Alkem Labs to Invest ₹533 Crore in New Greenfield Manufacturing Facility in Ujjain
Alkem Laboratories will invest up to ₹533 crore in a new greenfield formulations manufacturing facility in Ujjain, Madhya Pradesh. The company secured 30 acres of land via an allotment letter dated March 18, 2026, from DMIC Vikram Udyogpuri Limited.
The investment of ₹533 crore is significant and represents a strategic expansion, which could have a medium-term impact on the company's operational capacity and market position.
The investment in a new manufacturing facility indicates expansion and future growth for the company, which is a positive development.
Alkem Laboratories Limited has announced its plan to establish a new greenfield formulations manufacturing facility in Ujjain, Madhya Pradesh. The company has received an allotment letter dated 18th March, 2026, from DMIC Vikram Udyogpuri Limited for approximately 30 acres of land in the Industrial Area DMIC Vikram Udyogpuri Limited, Phase-2.
The Board of Directors has approved an investment of up to ₹533 crore (approximately $64 million) for this project, which will be made in a phased manner. This strategic expansion aims to enhance the company's manufacturing capabilities.
The disclosure regarding the land allotment and investment plan has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will make a copy of this disclosure available on its website.
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