Packaging solutions provider Manjushree Technopack net profit rose 40 per cent to Rs 14.79 crore in 2010-11, spurred by strong demand from fast moving consumer goods (FMCG) and beverage sector.

In 2009-10, the net profit stood at Rs 10.57 crore. Its turnover rose 45 per cent to Rs 216.17 crore from Rs 149.03 crore.

The company further said it planned to invest Rs 150 crore in its new manufacturing facility here, expected to be operational by mid-2012.

(This article was published on May 28, 2011)
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