CORONABSECorona Remedies LtdHighPositive
Announced Tue, 30 Jun · 16:34 IST

Commences Production at New EU-GMP Hormone Facility in Ahmedabad

Greenfield CommissionedCapex & Operations View source PDF

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AI summary

Corona Remedies has commenced commercial production at its new EU-GMP approved Women's Hormone manufacturing facility in Bhayla, Ahmedabad. Spread across 1 lakh sq ft, the facility has annual capacity of 194 million tablets and capsules and 1.5 million ointments and gels. The company says in-house hormone manufacturing capacity will rise by nearly 20%. The plant produces tablets, soft gel capsules, ointments, and gels using 21 CFR-compliant equipment and Quality by Design systems.

Likely market impact

Positive for growth: lifts hormone capacity by about 20%, strengthens women's healthcare and export potential, with revenue contribution to follow.