CORONANSECORONA Remedies LimitedHighPositive
Announced Tue, 30 Jun · 16:49 IST

Corona Remedies starts commercial production at new women's hormone facility

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 at Bhayla, Ahmedabad. Spread across 1.0 lakh sq ft, it has annual capacity of 194 million tablets/capsules and 1.5 million ointments/gels. The plant supports tablets, soft gel capsules, ointments and gels, and is expected to boost in-house hormone manufacturing capacity by around 20 percent.

Likely market impact

New facility adds around 20 percent to in-house hormone capacity, supporting future revenue growth and export potential in women's healthcare.