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Poly Medicure, manufacturers of medical devices and disposables, will invest Rs 25 crore in FY11-12 for capacity expansion. It is expanding capacity in its Faridabad and Haridwar plants by 25-30 per cent. It is also expanding the capacity at its Egypt and China plants.
The company reported net turnover of Rs 169.67 crore in FY 2010-11 against Rs 136.00 crore in the corresponding previous year, showing a growth of 25 per cent. The profit zoomed 32 per cent to Rs 21.69 crore (Rs 16.43 crore). A dividend of 30 per cent has been declared.
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