Elder PharmaElder Phamaceuticals said on Wednesday its new drug manufacturing facility near Dehradun in Uttarakhand state has become operational.

Elder PharmaThe company has invested Rs 1.5 billion to set up this plant that would increase company revenues by 15% annually, it said in a filing to the Bombay Stock Exchange.

The new unit would manufacture liquid orals, sterile injectables and cephalosporin block for tablets as well as dry powder injectables, the statement said.