Though the management mentions that Cenexi has a decent clientele and the order book can be leveraged, an investment of 30 million euros is needed for its revamp
The valuation of this leading fermentation play is now at a premium compared to the pharma sector, and there are new logistics challenges emerging for this export-heavy entity from the Red Sea crisis
The UK drug regulator has issued an import alert on the company's Waluj plant near Aurangabad, which makes injectables and solid dosages. The US Food and Drug Administration had in May issued a similar import alert.