Hindustan Antibiotics Ltd (Pimpri-Chinchwad)

India / Maharashtra / Pimpri / Pimpri-Chinchwad
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HAL was set up in cooperation with the WHO and UNICEF with the social objective of providing affordable drugs throughout India. It was inaugurated by India's first Prime Minister Jawaharlal Nehru on 10 March 1954. Production began in 1955. It was based on Mahatma Gandhi's vision that the poor in India should get medicines at affordable rates.
After reporting an operating loss in 1997 the company was reported to the Bureau of Industrial and Financial Restructuring (BIFR). On 17 January 2009 the company was taken off the books of the BIFR after reporting a record turnover of ₹ 120 crore (US$24 million).
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Coordinates:   18°37'12"N   73°48'29"E
This article was last modified 9 years ago