Indoco Remedies zooms on acquiring manufacturing facility at Baddi

Indoco Remedies Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532612 | NSE: INDOCO

21 Sep 2016 Evaluate

Indoco Remedies is currently trading at Rs 343.20, up by 13.75 points or 4.17% from its previous closing of Rs 329.45 on the BSE.

The scrip opened at Rs. 330.00 and has touched a high and low of Rs. 349.00 and Rs. 329.00 respectively. So far 15832 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 360.35 on 07-Sep-2016 and a 52 week low of Rs. 244.00 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 349.00 and Rs. 310.00 respectively. The current market cap of the company is Rs. 3169.51 crore.

The promoters holding in the company stood at 59.24%, while Institutions and Non-Institutions held 20.71% and 20.05% respectively.

Indoco Remedies has acquired the manufacturing facility located at Baddi of Micro Labs, a Bangalore based company. The facility is spread over an area of 18000sq.mt, out of which 11,000sq.mt.is the built-up area. It produces 4.3 billion tablets and 50 million capsules p.a.

The acquired manufacturing site is close to the company’s existing manufacturing plant in Baddi, Himachal Pradesh. Baddi will thus be another manufacturing hub for the company’s solid dosages business in the regulated markets.

With this acquisition, Indoco will now have 6 facilities for finished dosages and 3 for active pharmaceutical ingredients (APIs). Out of these, 3 facilities for finished dosages, including sterile plant and 2 facilities for API manufacturing are USFDA approved.

Indoco Remedies is engaged in the manufacturing and marketing of formulations (finished dosage forms) and active pharmaceutical ingredients (APIs) in India.

Indoco Remedies Share Price

228.20 -23.05 (-9.17%)

08-May-2026 16:59 View Price Chart

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