Alkem Laboratories will invest Rs. 533 crore to establish a formulations manufacturing facility in Ujjain, having secured around 30 acres of land.

The plant will manufacture pharmaceutical products for both domestic consumption and export markets.

The investment is part of the company’s capacity expansion strategy to meet rising demand across therapeutic segments.

The facility is expected to create employment and strengthen the region’s pharma manufacturing base.

Construction and commissioning will be carried out in phases following statutory approvals.