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27-FEB-08
Ajanta Pharma is planning to invest Rs 600 million to expand its research and development division and manufacturing facilities. The manufacturing capacity at Paithan in Maharashtra will be doubled at a cost of Rs 350 million. The research and development facility will be upgraded at a cost of Rs 250 million by mid 2008. The company has also set up manufacturing facilities in Mauritius and Turkmenistan.
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Ajanta Pharma is a typical niche player. The companys managing director Purushottam Agrawal is confident of Ajanta Pharma logging in a growth of at least 15 per cent in its topline and much higher than that in its bottomline. Purushottam Agrawal
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