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Mumbai, Wednesday, 17th August, 2022: Indoco Remedies Limited announces entering into a Share Purchase and
Shareholder's Agreement along with the Power Purchase Agreement to acquire up to 26% stake each in
Kanakal Wind Energy Private Limited and Jalansar Wind Energy Private Limited, for setting up Solar Power
plants at Akkalkot, Solapur District in Maharashtra. This is in compliance with the regulatory requirement
for being a 'captive user', under the Indian Electricity laws.
“Protecting our Environment is of utmost importance to us and it is our constant endeavour to conserve and promote green energy.
This arrangement will help us to save electricity costs on a recurring basis at our R∧D Centre at Navi
Mumbai and API Plant at Patalganga.”, said Ms. Aditi Kare Panandikar, Managing Director, Indoco Remedies Ltd.
About Indoco Remedies Limited:
Indoco Remedies Ltd., headquartered in Mumbai, is a fully integrated, research-oriented pharma Company with
presence in 55 countries. Indoco, a USD 198 million Company, employs over 7000 people including more than
300 skilled scientists.
The Company has 9 manufacturing facilities, 6 for FDFs and 3 for APIs, supported by a state-of-the-art
R∧D Centre and a CRO facility in Hyderabad. The facilities have been approved by various Regulatory
Authorities, including USFDA and UK-MHRA. Indoco develops and manufactures a wide range of pharmaceutical
products for the Indian and international markets. It generates more than 83 million prescriptions annually
from over 3,00,000 doctors belonging to various specialties. Indoco has 8 domestic marketing divisions with
a strong brand portfolio in various therapeutic segments including Gastro-intestinal, Respiratory,
Anti-Infective, Stomatologicals, Ophthalmic, Nutritionals, Cardiovascular, Anti-Diabetics, Pain Management,
Gyneacology, etc. Top Indoco brands include Cyclopam, Febrex Plus, Sensodent-K, Karvol Plus, ATM,
Oxipod, Cital, Sensoform, Sensodent KF, Cloben-G, Glychek, Kidodent, Carmicide, Rexidin, MCBM 69,
Methycal, Homide, Cal-Aid, etc. On the international front, Indoco has tie-ups with large generic
companies across the globe.
For more details on Indoco, you may visit www.indoco.com
For Media Inquiries Please Contact:
Vilas V. Nagare
Mobile: 9820215745
E-mail: vilasn@indoco.com / corpcom@indoco.com
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