NATCO Pharma Limited has announced that the operations at the Company's factory located at Manali Industrial Area, Chennai, Tamil Nadu have been temporarily disrupted due to cyclone with flooding / water logging of the factory premises. After following the required step process & safety measures, the factory operations have been shut down temporarily.
Necessary steps are being taken to drain out the water. After careful evaluation and following all the regulatory procedures, the operations would be commenced at the earliest.
The site manufactures Active Pharmaceuticals Ingredient (API) Products for Cancer Medicines at the aforesaid factory, the Company will continue to service the customers uninterruptedly from the inventory of finished goods. There is no material impact on the financial position or sales of the Company.
The factory is adequately covered by insurance through the policy coverage.
Shares of Natco Pharma Limited was last trading in BSE at Rs. 782.75 as compared to the previous close of Rs. 786.30. The total number of shares traded during the day was 26605 in over 2207 trades.
The stock hit an intraday high of Rs. 791.70 and intraday low of 777.25. The net turnover during the day was Rs. 20902142.00.