Deals9 May 2024, 11:30 pm
Bharat Parenterals Ltd Wins USD 12mn Contract from Mozambique Government
AI Summary
In compliance with SEBI regulations, Bharat Parenterals Ltd has announced the win of a USD 12mn contract from the Mozambique Government for the supply of drugs including injectables, tablets, capsules, and surgical items. The six-month agreement covers various therapeutic areas for primary health centers and payments will be made in USD on a quarterly basis. Bharat Parenterals has a significant presence in Sub-Saharan African markets and views this development as a sustainable growth opportunity.
Key Highlights
- Bharat Parenterals Ltd wins contract worth USD 12mn from Mozambique Government
- Company to supply drugs including injectables, tablets, capsules, and surgical items
- Agreement covers therapeutic areas for primary health centers over the next six months
- Payments to be made in USD on a quarterly basis
- Bharat Parenterals has established presence in Sub-Saharan African markets with a vision of making world class affordable drugs