PI Industries gains as its R&D facility gets bestowed with GLP Certification

22 Sep 2011

PI Industries is currently trading at Rs 602.95, up by 1.05 points or 0.17% from its previous closing of Rs 601.90 on the BSE.

The scrip opened at Rs 604.90 and has touched a high and low of Rs 612.00 and Rs 595.50 respectively. So far 958 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs. 630.00 on 26-Aug-2011 and a 52 week low of Rs. 194.00 on 13-Dec-2010.

Last one week high and low of the scrip stood at Rs 618.00 and Rs 582.05 respectively. The current market cap of the company is Rs 1507.66 crore.

The promoters holding in the company stood at 63.66% while Institutions and Non-Institutions held 3.87% and 32.47% respectively.

PI Industries’ (PI) R&D facility at Udaipur has been accredited for 'Good laboratory Practices (GLP) and Norms on OECD Principles' by National GLP Monitoring Authority (NGCMA), Government of India' in the field of Physical - Chemical Testing. Good Laboratory Practice (GLP) refers to a quality system of management controls for research labs to ensure the uniformity, consistency, reliability, reproducibility, quality and integrity of the tests conducted therein.

PI's certification follows the grant of full membership to India as an OECD member country. Hence, the physical / chemistry related data generated in Pi's GLP accredited lab would now be acceptable by the registration authorities (agrochemicals/pharma etc.) in all the OECD countries such as USA, Europe, Japan etc.

The GLP certification meets Pi's strategy to provide comprehensive solutions under one roof and broadens its portfolio of custom synthesis and manufacturing solutions to cover chemical process research, molecule development, analytical method development, synthesis of high purity / impurities of chemical entities for analytical reference standards, 5 batch analysis under GLP conditions, scale up studies, process / plant engineering and commercial scale production.

PI's R&D & QC labs are already ISO-17025 accredited, which attests to their consistent reliability of the tests and calibrations performed in these labs, and have a documented quality management system.

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PI Industries Share Price

2285.05 110.95 (5.10%) Mar 02, 14:25
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SEBI Registered: Investment Adviser - INA000013323

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