Elder Pharmaceuticals Ltd has received Export House status from the Ministry of Commerce and Industries in view of the substantial progress made by the company on the export front. The company has recently bagged small but significant orders worth Rs 40 million from Macedonia and Rs 30 million from Mexico for export of formulations. The company has export orders worth Rs 140 million on hand, it has informed BSE.
The export thrust and optimistic projections of the company come in view of the new plant being set up at Patalganga, as per US FDA specifications, which will make exports to most of the countries very easy. The state-of -the-art facility is expected to commence commercial production shortly.