Alkem Laboratories Limited has informed the Exchange regarding Intimation for allotment of land for setting up of a greenfield formulation manufacturing facility of the Company in Ujjain, MP.

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AI summary

Alkem Laboratories has been allotted around 30 acres of land in the DMIC Vikram Udyogpuri Industrial Area, Phase-2, Ujjain, Madhya Pradesh, for setting up a new greenfield formulations manufacturing facility. The Board has approved an investment of up to INR 533 crores, to be made in a phased manner. The allotment letter was received on 18th March 2026 from DMIC Vikram Udyogpuri Limited. The disclosure is being made under SEBI LODR Regulation 30 and will also be uploaded on the company's website.

Likely market impact

This is a meaningful capacity expansion move that signals long-term growth plans, but the phased investment of up to INR 533 crores will be spread over time, so the immediate impact on cash flow or earnings is limited. Shareholders should view this as a positive capacity-building step for future revenue growth.