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Techtran Polylenses gets nod for three investment proposal

28 Oct 2011 Evaluate

Techtran Polylenses (TPL) has received an approval for three investment proposal. The first investment approval is for the proposal to set up a special purpose vehicle by way of wholly owned subsidiary (WOS)/ branch in United States of America to facilitate the marketing and distribution of TPL products. The second investment approval is for the proposal to set up a WOS to set up a manufacturing unit with an installed capacity of 10 million lenses either in a special economic zone in India or abroad.

While, the third investment approval is for the proposal to set up 20 surfacing laboratories in United States of America by way of a joint venture among TPL, TOPL and associates. The board at its meeting held on October 27, 2011 has considered and approved the same.

TPL reckons among the world's leading ophthalmic lens manufacturers. Backed by a world-class facility, a highly trained and motivated workforce, a resourceful R&D and absolutely uncompromising standards, TPL lenses are emphatic statement of quality across the American and European markets. TPL's success is built around its state-of-the-art manufacturing facility at Bonthapally, Medak district, about 40km from Hyderabad in Andhra Pradesh, India. The unit currently produces 5 million lenses annually.

Peers
Company Name CMP
Lenskart Solutions 534.85
Poly Medicure 1468.25
Laxmi Denta 195.10
Nureca Ltd. 263.80
Hemant Surgical Inds 297.75
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