Jubilant Life Sciences to invest about Rs 550 cr in capex in FY'19
Jubilant Life Sciences has said it plans to invest about Rs 550 crore in capital expenditure in the current financial year to meet the increased demand in its businesses.
The company is present across three major business segments namely pharmaceuticals, life science ingredients and drug discovery solutions.
"To meet the increased demand in our businesses, we plan to invest about Rs 5,500 million in capital expenditure in 2018-19," Jubilant Life Sciences Chairman Shyam S Bhartia and Co-Chairman & MD Hari S Bhartia said in their address to shareholders.
In addition, the company plans to invest Rs 300 crore in research and development during the year, including Rs 150 crore in product development expenditure, they said in the company's annual report.
In Specialty Pharmaceuticals, the company expects all its key verticals to deliver strong growth during the year, the report said.
"Growth in Radiopharmaceuticals is expected to come from new products and execution of existing ...