The estimated expenditure for setting up the facility is US $100 m
With reference to the media report "Syngene to spend $100m on new plant at Mangalore Sez." published in The Financial Express - August 29, 2015, Syngene International Ltd has clarified that the Company is planning to set up a new manufacturing facility at Mangalore SEZ and is in the process of acquiring 40 acres of land and obtaining necessary approvals.
The estimated expenditure for setting up the facility is US $100 m and is contingent of various factors. We will intimate the exchanges with appropriate details in the 1st half of 2016 after completing the detailed engineering for the proposed project.
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