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Pharma stock jumps after it announces capex worth ₹177 Cr for its brownfield project

Pharma stock plans a ₹177 crore upgrade at Jhagadia to automate operations and expand its electrolyte additives facility, enhancing production efficiency and capabilities.
Pharma Stocks boosts Jhagadia facility with ₹177 crore upgrade, automating operations and expanding electrolyte production.
Pharma Stocks boosts Jhagadia facility with ₹177 crore upgrade, automating operations and expanding electrolyte production.

Introduction:

Pharma stock announces a ₹177 crore capital increase for its Jhagadia facility to enhance efficiency with automation and construct dedicated utilities and packaging areas, boosting its electrolyte additives production capabilities.

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Share Price movement of AMI Organics :

AMI Organics Ltd (NSE: AMIORG) experienced a downturn in today’s trading session, closing at ₹2162.40, down 2.48% from its previous close of ₹2217.30. The stock ranged from a high of ₹2278.00 to a low of ₹2152.00 after opening at ₹2249.75. The current market cap stands at ₹8851.67 crore.

AMI Organics share price rise:

AMI Organics Limited has announced a substantial increase in capital expenditure for its brownfield project at the Jhagadia facility, totaling ₹177 crores. This additional investment will fund the transformation from manual operations to fully automated systems, enhancing operational efficiency.

The capital expansion will also cover the construction of dedicated utilities and a specialized storage and packaging facility. These upgrades are intended to support the production of electrolyte additives products, reflecting AMI Organics’ commitment to advancing its manufacturing capabilities.

The details of this enhancement, complying with SEBI Regulation 30 and the relevant circular, have been officially documented and submitted. This strategic investment underscores AMI Organics’ focus on infrastructure development to bolster its market position and product offerings.

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Recent news About AMI Organics :

On October 29, 2024, AMI Organics shares soared 12.8%, nearly touching a 52-week high at ₹1,819 on BSE, just ₹1 short of the peak. The surge followed robust Q2FY25 results, boosting investor confidence in the pharmaceutical company.

Ace investor holding of AMI Organics :

Dhwani Girishkumar Chovatia holds 13,69,516 shares of AMI Organics Ltd., representing 3.35% of the company, with a market value of ₹296.2 crore. This position remained unchanged from the previous quarter.

Ashish Kacholia’s stake in AMI Organics Ltd. comprises 7,54,974 shares, accounting for 1.84% of the company, valued at ₹163.3 crore. His holding has decreased slightly by 0.01% from the previous quarter.

Stock performance of AMI Organics  for Period of 1 week, 6 months and 1 year:

AMI Organics Ltd. experienced a slight dip of -1.03% over the past week, but its six-month performance remains strong with a 71.1% increase. Over the last year, the stock has more than doubled, showing a robust annual growth of 102%.

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Shareholding pattern of AMI Organics :

All values in %Sep-24Jun-24Mar-24
Promoters35.9735.9839.91
FII13.8712.938.98
DII19.9314.816.8
Retail & others30.2436.2844.31
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About AMI Organics :

AMI Organics Ltd. specializes in developing and manufacturing advanced pharmaceutical intermediates and active pharmaceutical ingredients (APIs) for the global pharmaceutical industry. The company focuses on innovative solutions and sustainable practices in the chemical sector.


Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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