Rs 160-mn spend for Celestial Labs expansion

Hyderabad: Celestial Labs has spent Rs 16.20 crore in expansion/modernisation of its industrial enzymes manufacturing plant located in the SP Biotech Park here up to September 30.

The Hyderabad-based company, which mobilised Rs 30 crore through an initial public offer last year, had made a projection of Rs 23.32 crore for the purpose in its prospectus. It had used Rs 2.85 crore as working capital besides investing Rs 8.84 crore in fixed deposits, the company informed the Bombay S tock Exchange.