Parabolic Drugs plans 5 molecule launches by end-Apr

In April 2008, IDFC Private Equity, one of the largest private equity firms in the country, floated a separate renewable energy company, Green Infra Limited, with a vision to become the largest and the most valuable independent power producer in the country.

February 08, 2011 / 17:30 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Chandigarh-based Parabolic Drugs plans to launch 5 new molecules by end-April and is working on 20 new molecules in women health, diabetes and hypertension segments, a senior official said on Tuesday.

The firm expects its new unit in Punjab to add Rs1-1.5 billion to FY12 sales, Co-founder and Director Vineet Gupta told Reuters in an interview.

The active pharmaceutical ingredients (API) maker had raised Rs 2 billion via a 26.6-million-share initial public offer in June last year.

first published: Feb 8, 2011 05:22 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347