Divi's Laboratories will commence construction of Unit-III facility at Kona Forest, Ontimamidi village, in Thondangi mandal, near Kakinada, East Godavari district of Andhra Pradesh from 7 December 2020.
The company will make an investment of around Rs 1,500 crore out of its internal accruals in a phased manner for implementation of the project.
The operations are likely to commence within 12 to 18 months for Phase-1.
All the requisite licenses have been granted by the government of India and the government of Andhra Pradesh for its implementation.