After the company announced flash Andhra Pradesh (AP), Laurus Labs declined 1.61% to Rs 375.70. The company manufacturing unit in the plant is located in Andhra Pradesh in Visakhapatnam, Anakapally district in Parawada in Jawaharlal Nehru Pharma City. The operations in the other production blocks are running normally.
- SpaceX Launches 21 Starlink Satellites from Florida
- Govt Begins Tur Procurement, Commits to 100% Purchase of Tur, Urad & Masur
- Russia, US May Start Ukraine Peace Talks Today
- Govt Begins India’s First Exploration Licence Auction for Critical Minerals
- BEML Shares Soar 6% on Inking MoUs with Siemens and Dragflow SRL
The company is a biotechnology company and integrated pharmaceutical with a leadership position in generic Active Pharmaceutical Ingredients (APIs) and a significant focus on anti-retroviral, oncology drugs and Hepatitis C.
On a consolidated basis, the net profit of the pharmaceutical company rose by 15% to Rs 233 crore on a 31% increase in revenue from operations to Rs 1,230 crore on September 22 over September 21.
