IOL Chemicals completes expansion of Ibuprofen plant

IOL Chemicals & Pharmaceuticals Ltd has announced that the Company has completed the expansion of its Ibuprofen plant and now the installed capacities of Ibuprofen plant stands increased to 3600 TPA per annum from existing 1800 IPA per annum. The plant has been set up as per Regulated Markets parameters i.e. USFDA, UKMHRA, etc.

The Company has recently expanded the capacities of its Acetic Acid Plant from 30000 TPA to 50000 TRA, Ethyl Acetate Plant from 18000 TPA to 33000 TPA & Acetic Anhydride Plant from 7500 TPA to 12000 TPA. In addition, the Company has also set up a 4 MW Co-Generation Plant to meet out its energy requirements.

The implementation of setting up of manufacturing facilities for value added products i.e. Monochloro Acetic Acid & Acetyl Chloride is under progress.

The stock closed the day at Rs.73.05, down by Rs.1.70 or 2.27%. The stock hit an intraday high of Rs.77.95 and low of Rs.71.25. The total traded quantity was 73716 compared to 2 week average of 153223.

Source : Equity Bulls

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