On December 17, 2024, Supriya Lifescience Ltd. (SLL), a leader in the pharmaceutical industry, announced that it has commenced a new multipurpose Active Pharmaceutical Ingredients (APIs) production block, Module E, at the Lote Parshuram site.
The company in the exchange filing stated that this facility, developed with an investment of approximately ₹125 crore, adds a substantial 335 kiloliters to the company’s production capacity, increasing its Lote Parshuram capacity by over 55%, from 597 KLPD to 932 KLPD. This expansion is a key step in the company’s ambitious growth strategy.
The new production block is strategically designed to enhance SLL’s R&D capabilities and support the scaling up of its product pipeline. Several innovative products in niche therapeutic areas are nearing commercialization, underscoring the company’s commitment to securing a leadership position in these markets through efficient processes and backward integration.
Dr Satish Wagh, Executive Chairman & WTD, Supriya Lifescience Ltd, commenting on the occasion, said, – “We are excited to inaugurate our new manufacturing Module E block today. With the latest technologies and our team’s dedication, we are poised to elevate product quality, ensure efficiency through backward integration, and meet growing global demand. Module E is a testament to our strategic focus on innovation and sustainability, serving as a key driver of growth while reducing dependence on imports. As SLL continues to strengthen its infrastructure and expand its product porƞolio, the company remains dedicated to setting new benchmarks in the pharmaceutical industry and delivering value to its stakeholders”
On December 18, 2024, Supriya Lifescience shares opened at ₹734.50 and touched the day low of ₹715.00 at 09:30 AM.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 18, 2024, 9:35 AM IST
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