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Fredun Pharmaceuticals bags two contracts for Pharma and DC Granules
Nov-28-2022

Fredun Pharmaceuticals has inked two large contracts for Pharma and DC Granules. The company received one-year contract worth Rs 65 crore from a Southeast Asian country for Pharma exports. The revenue would commence from Q4FY23. This is part of a much larger multiple-year contract and will be continued upon successful execution post first year.

The company further signed a contract for specialized DC granules for various therapeutic end uses. The annual contract is worth Rs 25 crore and has the potential to go up to Rs 40 crore from second year onwards. These DC Granules will be exported as well as supplied to local companies across India. Revenues from this contract would commence from Q4FY23 as well.

Fredun Pharmaceuticals was established to produce drugs of international standards at affordable prices. The company produces anti -bacterial, anti-malarial, anti-diabetic tablets, capsules and dry syrups.

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