India, April 2 -- The company's Board of Directors approved the decision on Wednesday. Alkem raised its investment cap from Rs 533 crore to Rs 1,036 crore. Shares of Alkem Laboratories traded on the BSE and NSE amid this announcement. The stock drew investor attention following the disclosure of the expanded capital commitment.

A Plant Already in the Works Alkem first announced the Ujjain project on March 18, 2026. The company received an allotment letter from DMIC Vikram Udyogpuri Limited on the same date. The letter confirmed the allotment of around 30 acres of land. The land sits in Phase-2 of the DMIC Vikram Udyogpuri Industrial Area in Ujjain. At that time, the Board had approved an initial investment of up to Rs 533 crore. The comp...