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Unichem Lab's expansion plan

MUMBAI SEPT. 20. Unichem Laboratories is setting up a formulations unit at Baddi, Himachal Pradesh, at an estimated cost of Rs. 35 crores. The proposed expansion would be funded through internal accruals, the company informed the Bombay Stock Exchange. The state government would provide 100 per cent excise exemption for ten years from the date of commencement of commercial production, it said.

PTI

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