Ascent Meditech

Ascent Meditech Ltd. announced its new manufacturing facility in Valsad, Gujarat will commence production in April 2021. The company invested ₹100 crore to expand capacity to 100,000 units per day in the first phase.

Ascent Meditech plans to invest Rs 100 crore in a greenfield manufacturing plant in South Gujarat, expected to become operational in May 2020, increasing capacity from 40,000 to 140,000 units per day.

Ascent Meditech raised ₹70 crore from LeapFrog to build a new manufacturing facility in Daman, expanding capacity fourfold to 160,000-200,000 units per day, and increasing employment to 5,000.