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Piramal Pharma readies for ₹1,000 cr capex over 1.5 yrs
Mint Mumbai
|December 09, 2023
Chairperson Nandini Piramal says expenditure will include brownfield expansion as well
Piramal Pharma Ltd (PPL) plans to invest around ₹1,000 crore over the next 18 months towards consolidating, and growth through brownfield expansions, chairperson Nandini Piramal said.
“For the second half of the fiscal year, the company plans to deploy around ₹330 crore, focusing on revenue gain, operational excellence, and making the added brownfield capacities more productive," Piramal added. “And then probably on similar lines, ₹660 crore for the full fiscal year. Our capex (capital expenditure) is not only a mix of maintenance, but also brownfield expansions, as and when the right opportunities appear. And we should see significant margin improvement overall."
Esta historia es de la edición December 09, 2023 de Mint Mumbai.
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