Financial Daily from THE HINDU group of publications
Saturday, Jul 24, 2004
News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

 Corporate - New Projects


Unichem's Baddi plant to go on stream next year

Our Bureau

Mumbai , July 23

UNICHEM Laboratories Ltd's new manufacturing facility at Baddi, Himachal Pradesh, for the manufacture of non-antibiotic formulations, is likely to go on stream by April 2005, according to Dr Prakash Mody, Chairman of the company.

With the Baddi plant, the total tally of manufacturing facilities would go up to four, he said at the company's annual general meeting, here.

The company is also exploring a local acquisition of a bulk drug facility, he added.

The company' revenues for the first quarter ended June 2004 was Rs 121.9 crore, a growth of 28.3 per cent. Net profit, during this period had increased to Rs 14.4 crore, up 38.4 per cent.

The company's subsidiary Niche Generics recorded a turnover of GBP 1.93 million during the first quarter of the current year, according to a company release.

More Stories on : New Projects | Pharmaceuticals

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Bannari Infotech to launch Road Speed Limiter

ITH to pay 15 pc
SEBI tells Rolta to follow accounting norms
Priyamvada's will contains long-term succession plan
What does the new auditor have to do with Lodha & Co?
Sinar Jernih to expand Indian operations
Raymond gets interim order in trademark case
Zen Tech turnover, net up
Parent to transfer 5 pc stake in Gillette India
TCS to use IPO proceeds for `significant' buys
Bright Star stake up in VST by 2 pc
Merged entity promoter to hike stake in Sunline
TI to consider Diamond Chain merger with itself
Unichem's Baddi plant to go on stream next year
2 alternative packages on corporate I-T
Wadias eyeing aviation biz
Kerala: Autokast employees worried over delay in clearing revamp plan
Godrej Consumer sees buoyant growth — Bets on new products improved sales network
Wipro Consumer enters isabgol segment; posts 31% growth

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line