Chennai: The Rs 793-crore Shasun Chemicals & Drugs Ltd (SCDL) has hired a lab in Piscataway (New Jersey) in the US that will be utilised for contract research and manufacturing activities. The facility, in which Shasun will infuse $ 3 million, will help in the development of bulk drugs. The company did not expect great revenues out of this facility since it is only a lab. Hiring the facility would help us achieve the objective without actually investing more. The company is looking at about Rs 920 crore as topline during the current fiscal. The Visakapatnam facility, coming up at an investment of Rs 120 crore would be fully operational in two years from now.
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