Alkem Laboratories will invest up to Rs. 533 crore to establish a manufacturing facility in Ujjain, Madhya Pradesh.

The company has secured a 30-acre land parcel for the project, which will focus on formulations manufacturing.

The facility is expected to cater to both domestic and export markets, strengthening Alkem’s production capacity.

The investment aligns with the company’s expansion strategy in central India. Development will proceed in phases following regulatory approvals.