January 16, 2018 5:22 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 2017.

Hindustan Antibiotics Limited Key Developments

Lack Of Bidders For Hindustan Antibiotics’ Land

No government agency or public sector undertaking has expressed interest to take over the 87.7-acre prime vacant land of Hindustan Antibiotics Limited at Pimpri. It has been nine months that the Union cabinet approved the sale of the land.

Government Of India Mulls Sale of Surplus land Of Bengal Chemicals & Pharmaceuticals and Hindustan Antibiotics

The Government of India may explore the option of strategic sale of surplas land of Bengal Chemicals & Pharmaceuticals Ltd. (BCPL) and Hindustan Antibiotics Limited. Bengal Chemicals & Pharmaceuticals Ltd has got the Union cabinet's approval for need-based sale of surplus land. Bengal Chemicals on December 28, 2016, said it could garner INR 600 million to INR 700 million if it offloaded around five acres of scattered surplus land at Panihati, which remained unutilised. The money can be used to expand business and improve its balance sheet. "There is some scattered land at Panihati that belongs to the company but cannot be meaningfully utilised for business purposes. So, we had sent details to the government some time back. In case we decide to offload this land, the proceeds can be utilised to cut debt as well as expand business," P.M. Chandraiah, Managing Director of Bengal Chemicals, told The Telegraph. "The sale (of land) would be through open competitive bidding to government agencies and outstanding liabilities will be met from sale proceeds." the cabinet said in a statement.

Hindustan Antibiotics Limited Appoints Nirja Saraf as Managing Director

Nirja Saraf has been appointed as managing director of Hindustan Antibiotics Limited (HAL). Prior to joining HAL, she was working with Braithwaite and Company Limited as company secretary and executive director (corporate affairs, human resources and vigilance).

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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