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Mumbai, Feb. 15

Nicholas Piramal India Ltd plans to invest $50 million (an estimated Rs 220 crore) over a three-year period in its plants in the UK and India. NPIL has invested approximately $50 million over the past three years and plans a similar investment over 2007-09, the company told the Bombay Stock Exchange. The plan also includes a new sterile supplies pilot plant due to go on stream in Mumbai in the fourth quarter of this year. NPIL shares ended up 3.76 per cent at Rs 251.20.

(This article was published in the Business Line print edition dated February 16, 2007)
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