Moneycontrol PRO
Black Friday Sale
Black Friday Sale
HomeNewscoronavirusBharat Biotech to expand manufacturing capacity to meet Covaxin demand: Report

Bharat Biotech to expand manufacturing capacity to meet Covaxin demand: Report

Currently, the company is producing 40 lakh doses of Covaxin per month at its Hyderabad plant.

March 25, 2021 / 16:12 IST
Demand for vaccine in expected to shoot up, as the government has eased the eligibility criteria from April 1 (Representative image: Reuters)

Pharmaceutical firm Bharat Biotech would expand its manufacturing capacity to meet the demand for Covaxin, CNBC TV18 reported on March 25.

Covaxin is one of the two COVID-19 vaccines approved so far by the Indian health regulator. The anti-coronavirus shot is currently being manufactured at the Hyderabad-based plant of Bharat Biotech.

The company would soon launch a new production facility in Malur Kolar district of Karnataka, while ramping up the existing manufacturing capacity in Hyderabad, the channel reported citing sources.

The production at the Malur Kolar plant would begin shortly after it is officially launched. The manufacturing capacity at the plant would be raised five-fold till July-end, the report added.

The capacity of the Hyderabad-based plant would also be doubled by May, it further said.

The government-appointed inter-ministerial panel on vaccine manufacturing augmentation has reviewed the facilities of Bharat Biotech, the report added.

Currently, the company is producing 40 lakh doses of Covaxin per month at its Hyderabad plant.

The domestic demand for vaccine is expected to further shoot up next month, as the government has allowed all citizens aged above 45 to take the jabs from April 1. Currently, the immunisation drive is restricted to only senior citizens aged above 60 and 45-plus with comorbidities.

first published: Mar 25, 2021 03:51 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347