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Core Healthcare Ltd.

BSE: 500091 Sector: Health care
BSE 05:30 | 01 Jan Core Healthcare Ltd
NSE 05:30 | 01 Jan Core Healthcare Ltd

Core Healthcare Ltd. (COREPARENT) - Company History

Core Healthcare Limited (CHL) (formerly Core Parenterals) was incorporated in Aug.'86 as a public limited company and has been promoted by B R Handa and Sunil Kumar Handa. CHL is the largest exporter of intravenous fluids (IV fluids) in the country and the world's fifth-largest manufacturer. It has a wide product range in the areas of pharmaceuticals renal care plasma volume expanders TPN irrigation and blood substitutes; it also manufactures sterile water. To manufacture better quality products it has acquired equipment from Rommelag Switzerland. More than 35% of the company's production caters to markets in more than 40 countries in Asia the Pacific region Africa Europe east Europe the Gulf and the Latin American countries. The first Indian pharmaceutical company to receive the ISO certification. CHL set up a drug plant in Srilanka to manufacture life-saving drugs like IV fluids and pharmaceutical preparations.The company has completed two international turnkey projects - first one in Myanmar during May 1999 and the second being in Malaysia during July 1999.The Joint Venture project for manufacture of IV fluids in Uzbekistan commenced its commercial production in August 1999. Due to erosion of networth the company was refered to BIFR for financial resturcturing.