Business

Revival of Pharmaceutical Units

Revival of Pharmaceutical Units

Revival of Pharmaceutical Units

New Delhi: Hansraj Gangaram Ahir, Minister of State of the Ministry of Chemicals and Fertilizers stated in the Lok Sabha today that out of five Pharma CPSEs under the Department of Pharmaceuticals, three companies viz. Hindustan Antibiotics Limited (HAL), Bengal Chemicals & Pharmaceuticals Limited (BCPL) and Indian Drugs and Pharmaceuticals Limited (IDPL) are sick units under Board for Industrial and Financial Reconstruction (BIFR) and are running under losses for several years. Rajasthan Drugs and Pharmaceuticals Limited (RDPL) has for the first time registered losses in 2013-14. The Karnataka Antibiotics and Pharmaceuticals Limited (KAPL) is running profitably. Efforts are on for revival of three sick and BIFR referred pharmaceuticals CPSEs. All these PSUs are producing medicines though the level of production varies, depending on their financial health & availability of working capital, the Minister added.

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