Medico Remedies Ltd commences work for new factory

Medico Remedies Ltd announces commencement of work for new factory for manufacturing of B lactum tablets, capsules, dry syrup and injections (including amoxycillin + clauvulinic acid formulations). This plant will have capacity of 25 million tablets, 45 million capsules, 10 million dry syrups, 10 million injectables.

The investment of Rs. 30 Crore for the new factory will be funded through a mix of Internal Accruals and Debt.

The state of the art facility in going to be made per as PIC/S guidelines. It is expected to add about 25 crores revenue after receiving all approvals.

Source : Equity Bulls

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MedicoRemedies NewFactory WorkCommencement