Natco Pharma plans pre-filled syringe unit

Natco Pharma Ltd. is planning to set up a pre-filled syringe unit and has obtained shareholders’ approval for mobilising up to Rs. 300 crores for the project. The proposed unit will be located at Kothur in Mahbubnagar district of Andhra Pradesh.

Finished dosages plant

According to Mr. P. Bhaskara Narayana, Director and Chief Financial Officer, another new plant set up by the company for manufacturing finished dosages in Guwahati is almost complete. “This may be fully operational next year. It is a small plant being built with an investment of Rs. 15 crores,’’ he said. Natco would be able to gain with this new plant in view of the prevailing tax concessions being offered by the State Government. The existing 100 per cent tax concession is nearing expiry in Dehradun and a plant in Guwahati will be of help in this regard.

Natco Pharma posted a turnover of Rs. 559 crores in 2012-13 registering a 28 per cent increase compared to the previous year. The net profit increased to Rs. 78 crores (Rs. 62 crores).