Granules India to set up green pharma unit in Kakinada, Andhra Pradesh

Kakinada, Jan 4 (KNN) Hyderabad-based drug maker Granules India has partnered with Greenko ZeroC to create a carbon-free greenfield pharmaceutical manufacturing facility at Kakinada in Andhra Pradesh, according to an official release from the company on Tuesday.

The pharmaceutical manufacturing facility will be spread across 100 acres and will be developed at the expected cost of Rs 2,000 crore over the period of five years.

According to Granules India, the partnership will help the company achieve its sustainability and green chemistry goals by reducing its carbon footprint

The project will be commissioned in phases and it will use carbon free energy and green hydrogen derivatives to produce products like paracetamol, metformin, and other active pharmaceutical ingredients.

Granules India has a large customer base for its paracetamol, metformin-based products and active pharmaceutical ingredients across globe.

The company also plans to produce energy intensive fermentation-based products at the proposed facility using carbon free energy.

The partnership with Greenko ZeroC will be extended to utilise carbon free energy technology across manufacturing locations globally, Granules India said.

Greenko ZeroC is part of Greenko Group, generating about 7.5 GW of solar, wind and hydro energy with lower costs.  (KNN Bureau)