03 May 2021 | News
100% advance of Rs 1732.5 cr to SII and Rs 787.5 cr to Bharat Biotech has been released
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The Centre has stated that 100% advance of Rs 1732.50 crore (after TDS Rs. 1699.50 cr) has been released to Serum Institute of India (SII) on 28.04.2021 for 11 crore doses of Covishield vaccine during May, June and July, and was received by them on 28.04.2021.
As on date, against the last order of 10 crore doses for supplies of Covishield vaccine, 8.744 crore doses have been delivered till 03.05.2021.
SII has endorse this statement, & the authenticity of the information. "We have been working closely with the Government of India for the past year & thank it for its support. We remain committed to ramping up our vaccine production to save every life we can", stated the company on Twitter.
Additionally, 100% advance of Rs. 787.50 crore (after TDS Rs. 772.50 cr) was released on 28.04.2021 to Bharat Biotech India Ltd (BBIL) for 5 crore Covaxin doses during May, June and July, and was received by them on 28.04.2021.
As on date against the last order of 2 crore doses for supplies of Covaxin vaccine, 0.8813 crore doses have been delivered till 03.05.2021.