SR Laboratories planning to set up Drugs & Intermediates Project in Telangana

SR Laboratories Private Limited intends to undertake an extension of their existing bulk medicines and intermediates project located in Jaikesaram, Nalgonda, Telangana.The proposed extension is expected to result in a significant increase in the production capacity, reaching a monthly output of 71.4 metric tons.

 The estimated cost of the project is anticipated to be 15 Crores. The organization has successfully procured a parcel of property measuring 10 acres in preparation for its expansion. The commencement of construction is anticipated to occur in the year 2023, with an estimated completion date set for 2024. The proposed expansion is anticipated to provide around 100 direct employment opportunities and approximately 200 indirect employment opportunities. 

The project is anticipated to enhance the economic conditions of the region and address the increasing need for bulk pharmaceuticals and intermediates inside the country. Here are some key details of the bulk drugs and intermediates project expansion: Project name: SR Laboratories Private Limited Bulk Drugs & Intermediates Project Expansion Location: Jaikesaram, Nalgonda, Telangana Project cost: 15 Crores Land area: 10 acres Start of construction: 2023 Completion of construction: 2024 Direct employment: 100 people Indirect employment: 200 peopleThe bulk drugs and intermediates project expansion is a major investment in the pharmaceutical sector in Telangana. It is expected to boost the economy of the region and help to meet the growing demand for bulk drugs and intermediates in the country.

As of September 2023, The project is now in the stage of construction being started the work on the project will be finished in 2024, 2025 or 2026 It has been decided to hire a local contractor.

News by Rahul Yeligetti