January 31, 2015 5:45 AM ET

Pharmaceuticals

Company Overview of Hindustan Antibiotics Limited

Company Overview

Hindustan Antibiotics Limited manufactures and markets ethical formulations and life saving drugs. It offers tablets, capsules, injections, intra venous fluids, oral liquids, agricultural products, veterinary products, and parenterals. The company also provides benzathine penicillin G, aureofungin, and hamycin. Hindustan Antibiotics Limited was founded in 1954 and is based in Pune, India.

Pimpri

Pune,  411018

India

Founded in 1954

Phone:

91 20 2742 5411

Fax:

91 20 2742 5327

Key Executives for Hindustan Antibiotics Limited

Managing Director and Director
Director of Finance
Chief Vigilance Officer
Company Sectretary
General Manager of Manufacturing & Maintenance
Compensation as of Fiscal Year 2014.

Hindustan Antibiotics Limited Key Developments

Government Halts Land Sale of Hindustan Antibiotics

BJP-led Narendra Modi government has halted Hindustan Antibiotics Limited's (HA) plan to sell vacant land in its possession to raise working capital and pay off some of its dues. In a letter received by Hindustan Antibiotics, Pimpri, recently, the Ministry of Chemicals and Fertilizers said the firm should not sell the land as the government will make budgetary provisions for its rehabilitation. For the past two-three years, HA has been trying to sell at least 6 acre of vacant land in Pimpri. The company had invited tenders as it was not getting the right price for the land. However, Maharashtra Housing And Area Development Authority had declared its intention to buy the land at INR 170 million per acre and the deal was about to be finalized when the Lok Sabha elections were announced. "During the UPA regime, we were allowed to sell the land. However, with the Modi government at the helm, the sale has been stopped," said HA officials." HA Personnel Manager, T Das confirmed that the Centre has stopped the sale of land. "We were about to finalize the deal just when the government directive asking to stop the deal landed. Everything has come to a standstill," he said.

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