Summary of Proposed Investment
Project Number
28199
Company Name
GRANULES INDIA LIMITED
Date SPI Disclosed
Apr 13, 2009
Country
India
Industry
Health, Education and Life Sciences
Projected Board Date
May 20, 2009
Status
Completed
Sector
Pharmaceuticals and Medicine
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
C - No Impact
Previous Events
Approved : Jul 23, 2007
Signed : May 29, 2009
Invested : Jul 29, 2011
Project Description
Granules India Limited (“Granules”) is a leading Contract Manufacturing Organization (“CMO”) supplying high volume Active Pharmaceutical Ingredients (“APIs”) and Pharmaceutical Formulation Intermediates (“PFIs”) to the bulk over-the-counter (“OTC”) drugs industry in the U.S., Europe, Latin America, Australia and India. Paracetamol (used in Tylenol and Panadol brand names in the U.S. and Europe, respectively) and ibuprofen (Advil and Motrin) are the company’s main products, but it also supplies the industry with guaifenesin (ultimately used in cough medications) and metformin (anti-diabetes drug ingredient).
The company has four production units in three locations in the vicinity of Hyderabad, in south India. Granules management and IFC’s industry specialist have identified a number of energy and water efficiency projects, including solvent recovery as well as cleaner production improvements at the company’s Jeedimetla API facility, which will have beneficial environmental impacts (together, the “Cleaner Production project”). For example, the company will recover more of the steam and condensate used in production and recycle them, thereby reducing its energy and water intake. Variable Frequency Drives (“VFDs”) and appropriate scaling of certain motors and cooling towers will further contribute to the company’s energy efficiency and bottom line.
The company has four production units in three locations in the vicinity of Hyderabad, in south India. Granules management and IFC’s industry specialist have identified a number of energy and water efficiency projects, including solvent recovery as well as cleaner production improvements at the company’s Jeedimetla API facility, which will have beneficial environmental impacts (together, the “Cleaner Production project”). For example, the company will recover more of the steam and condensate used in production and recycle them, thereby reducing its energy and water intake. Variable Frequency Drives (“VFDs”) and appropriate scaling of certain motors and cooling towers will further contribute to the company’s energy efficiency and bottom line.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Bhaskar Krishna Arumugam, Chief Operating Officer
Granules India Limited
My Home Hub
Second Floor, Block III
Madhapur
Cyberabad
Hyderabad- 500 081
+91-40-6676-0000
www.granulesindia.com
Granules India Limited
My Home Hub
Second Floor, Block III
Madhapur
Cyberabad
Hyderabad- 500 081
+91-40-6676-0000
www.granulesindia.com
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster