38095
GRANULES INDIA LIMITED
Feb 17, 2017
India
South Asia
Mar 21, 2017
B - Limited
Completed
Oct 16, 2025
Regional Industry - MAS Asia & Pac
Health, Education and Life Sciences
Approved : Mar 29, 2017
Signed : Mar 31, 2017
Invested : Apr 13, 2017
Pharmaceuticals and Medicine
Granules India Limited (“Granules” or the “Company”) – an existing IFC client - is an Indian pharmaceutical company engaged in the manufacturing of Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs) and Finished Dosages (FDs) of a variety of drugs, including over-the-counter ones. The Company sells its products mainly in the US, Europe, Latin America and India.
Granules has wholly-owned manufacturing plants near Hyderabad in India (Jeedimetla, Bonthapally, and Gagillapur) and in Vishakhapatnam, India along with a R&D and manufacturing facility in Virginia, USA Further, through its joint ventures, it has one plant in China and yet another manufacturing plant in Vishakhapatnam, India. .
The Company is undertaking an investment program directed towards setting up new capacity, expanding existing capacities and investing in R&D to improve its product mix in favor of higher value-added products. A large part of the investment program is in the form of capital expenditures in India (the “Project”), which is estimated to cost about US$84 million. The Project includes building a greenfield API manufacturing facility in Vishakhapatnam, India, expanding existing API and PFI capacities, investment in R&D, quality assurance ("QA”), and quality control("QC”), investment in other general capital expenditures at existing facilities, and additional warehouse capacity.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Mr.R.Ramraj, AVP - Formulations
Address:
Granules India Limited
Plot No. 160/A & 161/E,
Gagillapur Village,
Qutubullapur Mandal,
RR District - 500 043
Tel: +91 8418 3066 6400
Email id: Ramraj.r@granulesindia.com
Local access of project documentation
The Company will disclose this ESRS and ESAP locally at the following address:
Mr.P.N.Baskaran, AVP-Operations (API)
Granules India Limited
Temple Road, Bonthapally Village, Jinnaram Mandal, Medal Dist.
Tel: +91 8458- 306600
Email id: Baskaran.pn@granulesindia.com
Plot No. 166/A & 161/E Gagillapur Village,
Qutubullapur Mandal,
RR District – 500 043
Tel: +91-040-2309 6942
Contact for Vizag projects
Mr. Vedprakash S. Ragate, VP - Manufacturing (Operations)
Plot No.30, JN Pharma City, Parawada Mandal,
Visakapatnam, Andhra Pradesh-530019
Tel: +91-08924 236696
And on its website: www.granulesindia.com