IOL Chemicals and Pharmaceuticals Ltd commences commercial production of Paracetamol

IOL Chemicals and Pharmaceuticals Ltd has commenced the commercial production of 'Paracetamol' with installed capacity of 1800 MTPA along with backward integration of Para Amino Phenol (PAP) with effect from 22nd April 2022.

The Company is manufacturing Paracetamol in its existing Unit No 4, which has been converted as multiproduct facility, with a cost of about Rs 100 Lakhs whereas PAP is being manufactured in part of Unit No 9. The Company shall continue to use Unit 4 & Unit 9 for manufacturing other products as per market conditions.

Further, considering the present market scenario, the Company is in the process of enhancing the installed capacity for manufacturing the Paracetamol from 1800 MTPA to 3600 MTPA with a capex of about Rs 25 Crore, which is expected to be completed during the 3rd quarter of FY 2023.

All the capex is being met through internal accruals only.

The Paracetamol, also known as Acetaminophen, is an Active Pharma ingredient (API) that is used to treat fever and mild pain, whereas PAP is used as an intermediate to manufacture Paracetamol.

Shares of IOL Chemicals and Pharmaceuticals Limited was last trading in BSE at Rs. 455.20 as compared to the previous close of Rs. 456.20. The total number of shares traded during the day was 15551 in over 820 trades.

The stock hit an intraday high of Rs. 467.95 and intraday low of 442.00. The net turnover during the day was Rs. 7166599.00.

Source : Equity Bulls

Keywords

IOLChemicalsandPharmaceuticals INE485C01011 Paracetamol CommercialProduction 1800MTPA ParaAminoPhenol BackwardIntegration