Divi's Lab gets green nod for Rs 100-cr modernisation project
Divi's Laboratories has received environment clearance for modernisation of its bulk drug unit in Visakhapatnam which will entail a cost of Rs 100 crore.
The company wants to modernise one of the two units by shifting non-production activities to proposed new area and meet all modern production facility compliances for achieving export targets.
The proposal was first vetted by an expert panel and based on its recommendations, the Union Environment Ministry last week gave the final environment clearance (EC) to Divi's Laboratories for the modernisation project.
The approval is subject to compliance of specific and general conditions, said the EC letter issued to the company.
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