Reach us: 7304553123 / mktg@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Biocon to pump USD 200 million on capex in FY21

Friday, 03 Jul 2020
Share this on :
Biocon is looking to invest USD 200 million (around Rs 1,500 crore) in FY21 on capital expenditure.

The investment will be split across small molecules and biosimilar verticals. The capex will be funded through a combination of contribution from internal accruals, debt raise as well as additional private equity investment in Biocon Biologics.

The company's capital expenditure during FY20 stood at Rs 974.2 crore.

In FY20, the company invested in a new manufacturing facility in Visakhapatnam, Andhra Pradesh for immunosuppressant products, which comes under the small molecules segment.

In biosimilars, major spends were on account of the greenfield antibody facility in Bengaluru, Karnataka incremental drug substance and drug product capacities within existing plants and research and development (R&D) facility in Chennai, Tamil Nadu.

The company has a rich pipeline of 28 molecules in its biosimilars business which will require investments. Additionally, the company will continue to invest in its select pipeline of novel biologic products.

On small molecules business segment, the company expects revenue growth in the vertical to be between high single-digit and low teens over the next two years.

New Password
Confirm Password