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    Default Hosiery firm expects turnover to cross Rs.280 crore mark

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    Hosiery company Dollar Industries expects to achieve a turnover of Rs.280 crore this fiscal, a senior official said Tuesday.



    "The company's turnover was Rs.218.68 crore in 2008-09. It hopes to achieve Rs.280 crore by 2009-10 and Rs.350 crore by the end of 2010-11. The year-on-year growth in revenue has approximately been 35 percent," company's Managing Director Vinod Kumar Gupta told reporters here.

    Dollar Industries, which currently has three production units in Kolkata, Tirupur and Delhi, has joined hands with German retail giant Carrefour and Lulus in the Gulf. It is currently the highest selling innerwear brand in the Middle East.

    The company has ventured into power generation and has installed two wind generation turbines in Tamil Nadu with the capacity of 1.25 MW each.

    The company is also under the process of installing one unit in Tamil Nadu for manufacture of narrow woven fabric at a cost of Rs.4 crore for in-house consumption.


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