Hi rkumar28,
try this :
I test it with a file greater then yours, and it works.
# load file into memory
i=`cat test1.txt`
# remove old file
rm test1.txt
create new file without existing string "c00200_00_000"
for a in `echo $i`
do
echo $a | grep -v "c00200_00_000" >> test1.txt
done
# I hope it works in your environment