Cipla has set up a 30 MW solar group captive project in Tuljapur,Maharashtra. Spread across 115 acres, the solar project has been commissioned in partnership with AMP Energy India, and is one of the largest solar open access projects in thestate set up by a corporate.

This is in line with the Company's ESG initiatives aimed at developing a holistic sustainabilityroad map for the future. By 2025, Cipla plans to achieve carbon and water neutrality, zerowaste to landfill, anti-microbial resistance stewardship and green chemistry.

The project will support the Company's green energy requirements for its manufacturing unitsat Kurkumbh and Patalganga in Maharashtra. It will also help the Company avoid carbondioxide emissions by as much as 35,000 tonnes of carbon dioxide equivalent (tCO2e)annually over its project life of 25 years.

In Aug 2018, Cipla successfully implemented a third party solar open access through a longterm power purchase agreement in Karnataka that helped replace 90% of energy sourcingfor the Company's manufacturing units in Virgonagar and Bommsandra to renewablepower.

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Cipla has allotted 5,217 equity shares of Rs.2/- each pursuant to exercise of the stock options by the option grantees under Employee Stock Option Scheme on 20 January 2021.

Consequently, the issued, subscribed and paid-up share capital of the Company stands increased to Rs. 1,61,29,20,892/- comprising of 80,64,60,446 equity shares of face value Rs.2/- each.

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Cipla Ltd is down for a fifth straight session today. The stock is quoting at Rs 811.55, down 1.48% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.83% on the day, quoting at 14314.3. The Sensex is at 48700.68, down 0.68%.Cipla Ltd has added around 4.25% in last one month.Meanwhile, Nifty Pharma index of which Cipla Ltd is a constituent, has increased around 4.05% in last one month and is currently quoting at 13014.25, down 1.83% on the day. The volume in the stock stood at 26.51 lakh shares today, compared to the daily average of 49.45 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 811.85, down 1.86% on the day. Cipla Ltd jumped 69.02% in last one year as compared to a 17.09% rally in NIFTY and a 54.49% spurt in the Nifty Pharma index.

The PE of the stock is 29.61 based on TTM earnings ending September 20.

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Cipla will hold a meeting of the Board of Directors of the Company on 29 January 2021.

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