Laurus Labs Limited has informed the Exchange about Allotment of 531.77 acres of land by the Government of Andhra Pradesh
LAURUSLABS · price
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The Government of Andhra Pradesh has allotted 531.77 acres of land in IP Rambilli Phase-II, Anakapalli District to Laurus Labs for setting up the 'Laurus Pharma Zone' (LPZ) dedicated to manufacturing pharmaceutical products. The company has projected a total investment of ₹5,630 crores spread across three phases over the next eight years. This project is expected to generate employment for about 6,350 people. The land allotment, formalised through a Government Order dated July 27, 2025, secures a key component for the company's future business expansion plans.
This is a significant capacity expansion move for Laurus Labs, signalling strong long-term growth ambitions in the pharma manufacturing space. Shareholders can view this positively as it positions the company for substantially higher future revenues, though execution and capex risks will need to be monitored over the multi-year buildout.