Articles tagged under: Torrent

Gujarat based Pharma major torrent register more than 4 fold rise in consolidated net profit

January 30, 2019
Gujarat based Pharma major torrent register more than 4 fold rise in consolidated net profit

Ahmedabad: Gujarat based Pharma major Torrent Pharmaceuticals has registered a consolidated net profit (after tax) of Rs 246 crores in the third quarter of the current fiscal which was more than 4 fold in comparison to that of the same quarter of the last fiscal. The financial result for the company for the quarter ended December 31, issued today said that the net profit (after tax) in the Q3 last fiscal was only Rs 58 crores. The total consolidated income has also risen to...Read More

Gujarat based multinational pharma major Torrent acquires US company Bio-Pharm Inc

January 18, 2018
Gujarat based multinational pharma major Torrent acquires US company Bio-Pharm Inc

Ahmedabad: Ahmedabad based multinational pharma major Torrent Pharmaceuticals Limited (Torrent) today, announced the acquisition of Bio-Pharm, Inc. (BPI) a generic pharmaceuticals and OTC Company, based in Levittown Pennsylvania, USA. Established in 1992, BPI has a proven track record in the research & development and manufacturing of oral solutions, suspensions and suppositories. Its 75,000 sq. ft US FDA registered facility has manufacturing capabilities for controlled subst...Read More

Gujarat based pharma major Torrent Pharma completes acquisition of branded formulation business of Unichem Labs

December 14, 2017
Gujarat based pharma major Torrent Pharma completes acquisition of branded formulation business of Unichem Labs

Ahmedabad: Gujarat based multinational pharma major Torrent Pharmaceuticals Limited (“TPL”) today completed acquisition of branded business of Unichem Laboratories Limited (“Unichem”) for India and Nepal, including its Sikkim manufacturing facility, on a going concern basis by way of slump sale. This transaction was in pursuance of the definitive binding agreement entered into between Torrent and Unichem on 3rd November, 2017. From today, Torrent begins the integrati...Read More

Gujarat based Torrent Pharma acquires brands from Switzerland based global player Novartis AG

May 08, 2017
Gujarat based Torrent Pharma acquires brands from Switzerland based global player Novartis AG

Ahmedabad: Ahmedabad based Multinational Pharmaceutical company Torrent Pharma, today announced that it has completed the acquisition of Regestrone and Pregachieve brands for India from global Pharma player Novartis AG of Switzerland. Executive Director of the company Jayesh Desai said that these brands were widely prescribed by Gynaecologists for the management of Abnormal Uterine bleeding, Peri & Post- menopausal symptoms and Infertility. ''Women Healthcare is an important the...Read More

After Torrent Pharma, Torrent Power also sees big decline in net profit in Q3

February 09, 2017
After Torrent Pharma, Torrent Power also sees big decline in net profit in Q3

Ahmedabad: The Ahmedabad-based Torrent Power Limited has registered a decline of around 70% in its net profit during the third quarter of the current fiscal. The Pharma wing of the company ie Torrent Pharmaceuticals Limited, had also registered a drop of over 22 % in its net profit in Q 3 of this fiscal. In its financial results for the third quarter announced today, Torrent power has mentioned that its Q 3 net profit has come down to Rs 106.66 crores from Rs 359.08 crores o...Read More

Torrent Pharma net profit falls by over 22% during Q3

February 03, 2017
Torrent Pharma net profit falls by over 22% during Q3

Ahmedabad: Ahmedabad based Pharmaceuticals major, Torrent Pharmaceuticals Limited, has registered a drop of over 22 % in its net profit during the third quarter of the current fiscal with a figure of Rs 229 crores as against Rs 290 crores during the same period last year. The high lights of the Q3 financial result of the company released today is as following - For Q3 FY 2016-17 revenues were at Rs. 1443 crores as against Rs. 1542 crores during the same period last year. EBIDTA for ...Read More

18 paise/unit reduction in Torrent Power tariff in Gujarat: GERC

April 01, 2016

Gandhinagar In its Tariff Order today for the Torrent Power Limited(TPL) consumers, Gujarat Electricity Regulatory Commission (GERC) has not given instant or major relief. However GERC has noted that with changes effective from today consumers of Torrent Power across all the categories will see 18 Paise/unit reduction in tariff. Following are the highlights of tariff order: - No permanent tariff increase in tariffs of Ahmedabad, Gandhinagar and Surat area consumers - Regulatory C...Read More

Torrent Pharma’s new Plant in Gujarat commences operations

November 05, 2015

Ahmedabad Pharmaceuticals major Torrent Pharma, one of the leading drug making companies of the country, today commenced commercial operations at its new plant situated in the special economic zone (SEZ) in the port town of Dahej in Bharuch district of Gujarat. It is Company’s fifth formulation Plant and the second Active Pharmaceutical Ingredient (API) Plant. The facility is being set up in a two phases. The total investment made in the first phase of the plant, which commenced...Read More

Gujarat based Torrent power earns Rs 246.27 crore net profit in Q2

October 28, 2015

Ahmedabad   Gujarat based Torrent Power Limited (TPL), the electricity supplier to over 2.9 million customers in Ahmedabad, Gandhinagar, Surat, Bhiwandi and Agra, has earned a net profit of Rs 246.27 crore in the second quarter of the current fiscal ending September 30.     In its Q2 results declared today the company said that as the current result included the figures of Torrent Energy Limited, a fully owned subsidiary, and Torrent Cables Limited which has been amalgamate...Read More

Torrent Power Launches first-of-its-kind Mobile App

July 27, 2015

Ahmedabad Torrent Power Limited (TPL), the electricity supplier to over 2.9 million customers in three cities of Gujarat (Ahmedabad, Gandhinagar and Surat) and Bhiwandi in Maharashtra along with historic city of Agra in Uttar Pradesh, today announced the launch of its brand new mobile App ‘Torrent Power Connect’. The first-of-its-kind App, available on both the iOS and Google Play Stores, is an extension to Torrent’s existing self-service portal connect.torrentpower.com which ...Read More

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