Orchid Pharma Share price

Orchid Chemicals & Pharmaceuticals Limited (ORCHID) as incorporated as a Public Limited Company on July 01 1992 under the Companies Act 1956. The Company obtained Certificate of Commencement of Business on October 15 1992. ORCHID has its registered office at Madras ORCHID hasset up a 100% Export Oriented Unit for the manufacture of 7 ADCA (intermediate) Cephalexin Cefradine and Cefadroxyl bulk drugs at a cost of Rs.1195 lakhs in technical and financial collaboration with Sintofarm SPA Italy. This unit is located at SIDCO Pharmaceutical Zone Alathur Tamilnadu. The Project was completed two months ahead ofschedule and after successful trial runs in Jan-94 commercial operations commenced from Feb. 94. In Feb 94 ORCHID undertook a Scheme at a cost of Rs.160 lakhs for better recovery of solvents backward integration and process optimization. During its first two months of operations the Company''s unit achieved a capacity utilization of 80% and produced 12.1 tonnes of Cephalexin out of which 11.7 tonnes (97%) was exported.The products are exported to Germany Italy Switzerland Holland Spain Cyprus Hongkong Singapore etc. and have been well received in the International Markets resulting in repeat orders.