News
Murugappa Group posts Rs 649-cr net for 2006-07
The Hindu
Chennai, May 8, 2007: The Murugappa Group has clocked total turnover of Rs 8,446 crore and profit before tax of Rs 649 crore for 2006-07.
Speaking to newspersons, Mr A. Vellayan, Vice-Chairman, said: "I am not totally satisfied with the topline growth of 15 per cent. Ideally I would have liked to grow at twice that of GDP growth."
The Group has interests in fertilisers, sugar, tubes, abrasives and financial services.
The performance of the fertilisers and sugar businesses have suffered due to adverse policies of the Central and State Governments, he added.