Syncom Formulations (India) Limited announced that the Board of Directors at their Meeting held on December 18, 2020 has approved the project for expansion cum Modernization of the company's existing plant 256-257 Industrial Areq Sector I Pithampur, District Dhar (M.P.). The cost of project is estimated to be INR 403.150 million including working capital margin of INR 100.550 million.