By: IPP Bureau
Last updated : April 27, 2022 11:02 am
These bulk orders will contribute to the topline of the company as well as help in improving EBITDA of the company
Lasa Supergenerics, an API manufacturer, has secured orders of Rs. 50 crore from five customers. Such a huge order at the beginning of the financial year will help the company to boost its production and contribute to the top line of the company, the company stated in a statement.
Commenting on this development, Dr. Omkar Herlekar, Chairman & Managing Director, Lasa Supergenerics said, “This is just the beginning of the fiscal and our team was able to grab the opportunity. We are thankful to our customers for having such great confidence in us. This was not possible without the efforts of our production team for manufacturing such quality products with a monopolistic approach in the segment. We are looking forward to receiving such bulk orders from overseas customers in the near future."
"These bulk orders will contribute to the topline of the company as well as help in improving EBITDA of the company. Moreover, we are working on making all our products fully backward integrated which shall boost return on capital of the company, we shall continue to remain committed to growth," commented Herlekar.
"We were excited to share the name of the customers with all our stakeholders along with other terms of the order. However, due to restrictions as imposed by NDA signed we retain the same with us and assure you for more bulk orders in the coming month,” added Herlekar.
Founded in 2011, Lasa Supergenerics is a leading player in the manufacture of Veterinary APIs, with a well-established brand known for its high-quality products among various customers. The company has its unit with state of art manufacturing facilities located at Mahad and Chiplun, Maharashtra with a total installed capacity of 4,300 MT.