Blue Jet Healthcare Charts Future Growth with New Andhra Pradesh Plant

Hey there, investors and pharma enthusiasts! 👋 Big news from Blue Jet Healthcare Limited (BLUEJET) that could shape its future trajectory. The company’s Board of Directors just gave the green light to a significant expansion plan, signaling a strong push for growth.

Blue Jet Healthcare is set to acquire a massive 102.48-acre industrial land parcel in the Rambilli Cluster Phase II, Anakapalli District, Andhra Pradesh. Think of it as a blank canvas for their next big leap! 🚀 This isn’t just any land; it’s earmarked for a brand-new, state-of-the-art manufacturing facility.

So, what’s the big picture? This new plant is a cornerstone of Blue Jet’s long-term strategy to ramp up its capacity. For Phase I, they’re looking at adding up to 1000 KL of capacity, with the flexibility to scale up even further in subsequent phases. The goal is to get this facility up and running by FY 2028-29.

Now, let’s talk numbers. The land acquisition itself comes with a price tag of approximately ₹41.87 crore. But that’s just the beginning! The estimated capital investment for Phase I of this new facility is a whopping ₹1000 crore, which will be deployed in a modular fashion. To fund this ambitious project, Blue Jet Healthcare plans to tap into various sources, including internal accruals, equity, and debt.

Why this massive investment? It’s all about future-proofing and seizing opportunities. This expansion will enable Blue Jet to support its growth trajectory, venture into new product verticals, and strengthen its relationships with strategic partners. Essentially, they’re building the foundation for what they hope will be a robust and diversified future in the healthcare manufacturing space.

It’s exciting to see companies like Blue Jet Healthcare investing in long-term growth and capacity building. Keep an eye out for more updates as this ambitious project unfolds! ✨

source: Corporate Announcement

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