Orchid Chemicals and Pharmaceuticals has initiated the process of restructuring its debt due to continuing liquidity constraints and pressure on operations. Accordingly the company has made reference to the Corporate Debt Restructuring Cell (CDR Cell) through State Bank of India (SBI).
Orchid Chemicals & Pharmaceuticals is a pharmaceutical company engaged in development and manufacture of active pharmaceutical ingredients (APIs) and finished dosage forms. It is also engaged in research of new drugs. The company was incorporated in the year 1992 as a 100% export-oriented unit (EOU).
