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Gujarat Themis Biosyn Ltd.

BSE: 506879 Sector: Health care
NSE: GUJTHEMIS ISIN Code: INE942C01029
BSE LIVE 14:44 | 23 Aug 41.05 0.40
(0.98%)
OPEN

41.00

HIGH

41.50

LOW

41.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 41.00
PREVIOUS CLOSE 40.65
VOLUME 2187
52-Week high 64.50
52-Week low 40.00
P/E 14.06
Mkt Cap.(Rs cr) 60
Buy Price 41.05
Buy Qty 62.00
Sell Price 41.85
Sell Qty 11.00
OPEN 41.00
CLOSE 40.65
VOLUME 2187
52-Week high 64.50
52-Week low 40.00
P/E 14.06
Mkt Cap.(Rs cr) 60
Buy Price 41.05
Buy Qty 62.00
Sell Price 41.85
Sell Qty 11.00

Gujarat Themis Biosyn Ltd. (GUJTHEMIS) - Company History

Promoted by Kantilal Shah and the Gujarat Industrial Investment Corporation, Gujarat Themis Biosyn (GTBL) was incorporated in Dec.'81 as a public limited company. Initially manufacturing the antibiotic, erythromycin, GTBL obtained licences to manufacture bulk drugs like rifampicin, cephalexin, griseofulvin and their formulations in 1990. However, problems relating to purity levels, yield and imports put the company in the red and it became a BIFR case in 1990. Subsequently, it was taken over by a group consisting of Lyka Labs, Themis Chemicals, Kopran and Cadila. Also, Yuhan Corporation, South Korea, brought in technology and finance for running GTBL. During 1995-96 the paid-up share capital increased from Rs 11.25 crores to Rs 11.60 crores after allotment of 350,000 Equity shares of Rs 10 each at a premium of Rs 20 per share to the financial institutions by way of conversion of fund interst term loan. During the year installed capacity of rifamysin-S was increased to 90 mtpa and expansion of rifampicin was achieved to the maximum capacity of 120 mtpa. It also commenced operations of its new pharmaceutical division and launched a wide range of anti-tuberculosis products and other antibiotics. The company is constantly identifying new areas for diversification and also capacity expansion of exisiting product in order to further reduction in cost of production and increase in turnover.