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.