Jubilant Ingrevia Limited augments its CDMO presence with ₹270 Crore contract

The Company was awarded these CDMO projects few years back and with extensive work in R&D and Scale-up, it has successfully demonstrated its capability in Process development, optimisation and scaling-up of complex chemistries

Pic credit - Jubilant Ingrevia
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Jubilant Ingrevia Limited, a global integrated Life Science products and Innovative Solutions provider with over 42 years of experience offering over 165products & innovative solutions using more than 35 key chemistry and technology platforms across
its three portfolio of businesses viz Acetyls, Pyridines and Vitamins & Premixes, today announced a CDMO contract for estimated value of ₹270 Crore in Specialty Chemicals business, spanning overa period of three years with one of its international customers, who is among the top 10 leading innovator pharmaceutical companies globally.

Through the contract the Company will supply Two key GMP intermediatesfor one of the ‘patented drugs’ of the Innovator Pharmaceutical customer. Both these products involve 7 steps specialised chemistry.

The Company was awarded these CDMO projects few years back and with extensive work in R&D and Scale-up, it has successfully demonstrated its capability in Process development, optimisation and scaling-up of complex chemistries. Commercial supplies of both these products will start from FY’23 onwards. The Company will use GMP facility to service this contract.

Speaking on the occasion, Mr. Rajesh Srivastava, CEO & Managing Director, Jubilant Ingrevia Limited shared, “The pursuit of growth is one of the key features of our strategy. Today’s announcement is in line with our strategy & commitment to grow our CDMO business of value-added GMP & Non GMP intermediates”.

Shares of Jubilant Ingrevia Ltd was last traded in BSE at ₹492.00 as compared to the previous close of ₹498.95. The total number of shares traded during the day was 33595 in over 3469 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 509.00
  • Intraday low of ₹ 490.35