Natco Pharma suspends work at Chennai plant due to flood

By: | Published: December 2, 2015 2:25 PM

Drug firm Natco Pharma today said its active pharmaceuticals ingredient plant at Chennai has suspended operations due to flooding caused by rains.

chennai rainsDrug firm Natco Pharma today said its active pharmaceuticals ingredient plant at Chennai has suspended operations due to flooding caused by rains. (Photo: Reuters)

Drug firm Natco Pharma today said its active pharmaceuticals ingredient plant at Chennai has suspended operations due to flooding caused by rains.

The company’s “wholly owned subsidiary’s active pharmaceuticals ingredient (API) plant has temporarily suspended operations due to folding caused by incessant rains in the plant area,” Natco Pharma said in a filing to the BSE.

The unit manufactures few oncology related API’s at the plant.

“The company believes that this temporary shutdown should not impact or impair its pipeline launches from the plant,” Natco Pharma said.

Shares of Natco Pharma were today trading at Rs 515 per scrip in the afternoon trade on BSE, down 1.76 per cent.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition