Neuland Laboratories Share Price Neuland Labs.

285.00

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281.65

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Chairman & Managing Director D R Rao
Independent Director H Dhanrajgir
Independent Director P V Maiya
Independent Director Will Mitchell
Director Christopher M Cimarusti
Vice Chairman D Sucheth Rao
Joint Managing Director D Saharsh Rao
Company Secretary Sarada Bhamidipati
Independent Director Bharati Rao
Independent Director Nirmala Murthy
Addtnl Independent Director Homi Rustam Khusrokhan

Set up in 1984 as a private limited company to manufacture bulk drugs, Neuland Laboratories (NLL) is promoted by D R Rao. Neuland Drugs & Pharmaceuticals Pvt Ltd, a company set up by the same promoters to manufacture bulk drugs was merged with NLL with effect from Apr.92. NLL manufactures bulk drugs such as salbutamol sulphate, terbutaline sulphate, labetalol hydrochloride and ciprofloxacin. It came out with its initial public offering in Apr.94 at a premium of Rs 35 aggregating Rs 5.69 cr, to part-finance the capacity expansion to manufacture bulk drugs and to diversify its product-mix. The cost of the project as estimated by ICICI was Rs 15.7 cr.NLLs products are exported to more than 35 countries including Germany, Italy, Switzerland, the UK and the Netherlands. The company is also negotiating with multinational companies for tying up supplies of Ranitidine Hydrochloride Form I and Salbutamol Sulphate.During the year 1999-2000, the company introduced Itraconazole, an anti-fungal drug and Ipratropium Bromide, an anti-asthmatic drug and the R & D has developed a process for manufacture of Oflaxacin for Regulatory Markets. The Pashamylaram unit has received USFDA approval for manufacturing of Rantidine Hydrochloride Form.Mirtrazapine, an anti-depressive drug and Ramipril a cardiovascular drug were introduced during the year 2001.The installed capacities of Ciprofloxacin and Ranitidine were increased with Rs.650 lacs financial assisitance from IDBI.The company is closely working with several companies in Europe and North America for supply of active pharmaceutical ingredients and intermediates.

REGISTERED OFFICE

Sanali Infopark A Block Gr Flo,
8-2-120/113 No 2 Banjara Hills,Hyderabad,
Telangana-500034

Tell. : +91-40-30211600
Website : http://www.neulandlabs.com
Email : ir@neulandlabs.com

REGISTRAR OFFICE

Karvy Selenium Tow-B,
Nanakramguda,Hyderabad-500032
INDIA

Tell. : +91-40-67161500
Website : www.karvyfintech.com
Email : einward.ris@karvy.com