ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Ashima Syntex

S S Organics S S ORGANICS which was setting up a new unit for manufacturing 48 mtpa of mebendazole, 36 mtpa of norfloxacin and 12 mtpa of atenolol in addition to various other intermediates has decided to go in for manufacture of a more remunerative product mix comprising 18 mtpa of terfenadine. 48 mtpaof mebandazole and 12 mtpa of atenolol due to the fluctuation in the prices of bulk pharmaceuticals. The project costing Rs 8.25 crore is to be partly financed through a public issue of 30,00,000 equity shares of Rs 10 each at par which will open for subscription on July 25 and will be lead managed by SBl Capital Markets and Merbanc India. The project which is located about 76 kms from Hyderabad in the Medak district is expected to commence commercial production in July this year. The company has entered a marketing arrangement with the ICD group BV, Netherlands whereby ICD will purchase 36 mtpa mebendazole and 12 mtpa of atenolol for a period of five years.

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