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Medi-Caps discontinues manufacturing activities at Pithampur Plant

22 Nov 2019 Evaluate

Medi-Caps has permanently discontinued production/manufacturing activities in the plant situated at Mhow - Neemuch Road, Sector 1, Pithampur, District Dhar with effect from November 21, 2019.

Further, the manufacturing activities at the above plant have been closed after completion of necessary formalities in accordance with the provisions of all the applicable laws and proper disclosures have been made wherever necessary and all the concerned government departments have been notified.

Medi-Caps incorporated in 1986  is a flagship company of Medi-Caps Group, is one of the largest manufacturer of empty hard gelatin capsules in terms of manufacturing capacity as well as market capitalization in India.

Peers
Company Name CMP
Godrej Industries 1054.40
SRF 2434.70
BASF India 3440.10
Pidilite Inds. 1470.00
Tata Chemicals 614.70
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