Alembic Share price

The Company was established on 30th July 1907. Originallyit was manufacturing chemicals liquor etc. However from1950''s onwards it ventured into pharmaceutical businessin the production of bulk drugs. The Company may beconsidered as pioneer in manufacturing penicillin throughfermentation process by developing indigenous know-how. TheCompany was conferred Sir P. C. Ray award for indigenousmanufacturing of Penicillin. Over the years Company hasalso developed other bulk drugs like ErythromycinRoxithromycin and Azithromycin. The Company is also in theformulations market and is producing number of items intherapeutic segments of which some of the products are themarket leaders. The Company also gas large exports and hasalso won awards from CHEMEXIL for export performance in theyear 1991-92. It has also been recognised as Export Houseby Government of India. It is an exporter of Penicillinformulations to Germany and U.K. which are major producersof Penicillin. The Company started a Veterinary Divisionfor animal health care in 1986 and as per the ORG report(1994) they are ranked 6th in the domestic Veterinarymarket. The Company took over Neomer Limited in 1986-87which produces synthetic Fibre and yarn. Alembic Chemical''smain plant is located at Alembic Road Vadodara whichmanufactures bulk drugs and majority of the formulations.Other plant for pharmaceuticals is at Village PanelavDist. Panchmahals in Gujarat State and has modernequipment and machinery. The Company''s Neomer division hasits plant at Panelav. The company has developed schoolshospitals sports club consumer co-operative societyresidential colonies etc. The company is one of thelargest pharmaceutical companies in India and is ranked 6thin terms of pharmaceutical formulations as per (OperationsResearch Group) ORG Report of December 1995.PRESENT BUSINESS OF THE COMPANYThe Company is engaged in the manufacture of basic drugspharmaceuticals and antibiotic formulations (both for humanconsumption and animal health care). The major basic/bulkdrugs manufactured are Penicillin ErythromycinRoxithromycin and Azithromycin. The Company has thefollowing range of products:a. Bulk Drugs - These cover Penicillin ErythromycinAzithromycin Roxithromycin etc. used for formulationslike tablets capsules injectables etc.b. Antibiotic Formulations : These cover Penicillininjections and other combinations for tablets granulesointments pediatric drops etc.c. Pharmaceutical Formulations : These cover cough and coldremedies analgesics anti malarials anti-diarrhoealstonics Vitamin formulations etc.d. Other consumable products - These cover GlycodinSharkoferrol Nervitone Protinules etc.e. The Neomer Division of the Company manufactures mainlyPolypropylene Staple Fibre.