Indoco Remedies gets Govt. nod to export 44.8 mn Paracetamol tablets; stock climbs 7%
The remaining quantity is ready for shipment and will be airlifted depending on availability of flights,
the company said.
April 13, 2020 12:03 IST | India Infoline News Service
Indoco Remedies Ltd stock surged after the pharma company announced that it will export Paracetamol tablets to the
UK in its fight against Covid-19. The first shipment of 11.70 lakh Paracetamol tablets to the UK was airlifted on April 12,
2020, from Goa airport.
The stock is currently trading at Rs263.30, up by Rs17.15 or 6.97% from its previous closing of Rs246.15 on the BSE.
"Indoco has been part of the great initiative by the Indian government to export Paracetamol tablets to the UK in its fight against
Covid 19. The first shipment of 11.70 lakh Paracetamol tablets to the UK was airlifted on 12th April 2020 from Goa airport.
The permission granted by the Indian Government is for a total air shipment of 4.48 crore tablets," the pharma company said.
The remaining quantity is ready for shipment and will be airlifted depending on availability of flights, the company said.
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