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Last Updated : Feb 05, 2016 11:26 AM IST | Source: Moneycontrol.com

Sequent Scientific up 11% as arm starts production at Vizag unit

"Production has commenced in Vizag facility of wholly owned subsidiary Alivira Animal Health effective from February 04, 2016," the pharma company said in its filing.

 
 
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Moneycontrol Bureau


Shares of Sequent Scientific rallied 11.3 percent intraday Friday after its subsidiary started production at Vizag facility.


"Production has commenced in Vizag facility of wholly owned subsidiary Alivira Animal Health effective from February 04, 2016," the pharma company said in its filing.

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The company received clearance for this unit from the Andhra Pradesh Pollution Control Board after necessary inspections were completed.


The production in Vizag unit of Alivira was stopped since January 29 as there was a fire in the process development lab. There were no injuries to anyone but minor damages occured to wet laboratory of this unit.


At 11:05 hours IST, the  Sequent Scientific was quoting at Rs 820.00, up Rs 70.00, or 9.33 percent.

Posted by Sunil Shankar Matkar



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First Published on Feb 5, 2016 11:26 am
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