Alembic restores operations at Panelav

Vadodara based Alembic Pharmaceuticals has today informed the Bombay Stock Exchange (BSE) that major part of the manufacturing operations at the company's Panelav plant has been restored. A major fire had broken out at around mid-night on August 26 at the active pharmaceutical ingredient (API) -1 plant at Panelav. The fire was brought under control on Sunday morning after five hours. The company on Thursday said in a statement, "The work for restoration of balance portion is going on and is expected to be completed in another one week."