Ad Here  
Scoot offers just Rs.13,500 to ANZ... Smart controls for cooling large multi-zone spaces ... ECGC expands operations Industry-well poised to invest on expansion Chennai Port is at last decongested! An American alliance in the chemical industry? TII-challenging year with flat growth Steel loses its sheen IFCI to raise NCDs upto Rs 2000 crore OBO Bettermann for better lightning protection Blue Star plans a new plant in south TCS’ revenues cross Rs 100,000 crore Dynamic e-commerce scenario - European crisis is a global crisis! Curbing steel imports will hurt small business... Business Breif Indian Bank – global businesses crosses Rs 3 lakh crore... Big-ticket investments march towards Punjab Strategy war escalates between Hero and Honda On the ‘milky’ way Nothing to hide... Chennai to get a roundabout Metro Make way for the new and dynamic railways Realising double digit growth in Tamil Nadu Applauding enterprise... Techies trip to India Pharma market dozes Connecting the unconnected Celebration time at MS Chola Chennai will soon get its World Trade Centre People Flow Day- Safety Brand leaders come forward... Time to fast-pace the logistics sector Illicit markets a concern to growing economy Economic, business and social sustainability Four daughters and a proud father Murugappa- a year of consolidation Ridley marathon to India Business Briefs Waste, a gold mine ALL-two launches in a row Auto test tracks launched at GARC Oragadam campus Bridging the skill deficit in pharma industry Carrefour’s quick exit Automotive Vision Plan II... Striking cords for 25 years… Chola MS net crosses 100 crores TOP 10 CEO Compensation A global plastic event in India When Centre visits the state Hyundai excites again Nigeria comes nearer Digital retail transactions stabilise at higher level… Economic issues take a back seat at G20 summit Investor friendly Japan Purdue and IIT-M sign the dotted line Gem of social service... Sun Edison launches solar pumps Creating Tamil Nadu Banana brand TiE applauds innovative entrepreneurs Chola MS launches motor app The new look- 4s Verna ISRO's 100th mission Rating of states to be released soon Veritas Finance- financing the unfinanced Adding Zest to Scooty Backpack laboratory Well-refined – RIL’s refinery margins zoom Is Indian telecom industry heading for a monopoly? Inclusive and forward moving... Hero Motocorp - smooth ride TII’s single largest investment at Thiruthani Celebrating 180 years of relevance More gensets and diesel engines from TAFE Schwing Stetter India joins hands with US-based Gomaco Holiday Inn opens in OMR Chennai Secured NCDs from Shriram City Durga - India’s largest blast furnace; now operational Focus on self-certification and third party inspection Climate change may change the way businesses work... Downsizing spree... An aerospace-defence cluster in Tamil Nadu… Innovation that helped Chennai port Tata Steel commence operations at Kalinganagar TN budget pragmatic and moderate on fiscal deficit LVB gears to become a financial supermarket CUB: towards card-less withdrawal SumInfra- corridor based development... ALL to launch electric busses ALL – truck industry is recovering from degrowth AirAsia India infuses funds to fight out competition Research needs more funding World labour laws at a glance STFC raises money Three more leather clusters… Realty sector takes a break... Airlines wage price war Reality bytes Need to focus on ease of doing business... Towards peace of mind Placing the right shoe forward... Housing Innovation Challenge, 2015 Apple maps – finding its way Indigo stays leader with 40 per cent share TVS Logistics – another acquisition to sharpen the business model Changing dynamics in human resource management WABCO’s second Chennai plant Flexible labour laws… BRICS development bank
Murugappa- a year of consolidation
Recording a growth of 11 per cent in turnover to Rs 26,926 crore and a PAT of Rs 1283 crore, the Murugappa group, after a year of consolidation, can pat itself on its back. Financial services and manufacturing  contributed to profits.

Cholomandalam Investment and Finance Company registered a growth of 13 per cent. “We focused on operation, cash flow and consolidation to ensure better capacity utilisation and to prepare Murugappa for the next phase of growth,” stated M M Murugappan, Vice Chairman. The company made capital expenditure of Rs 229 crore to expand, debottleneck and modernise facilities.  

EID Parry acquired the balance 3.4 per cent shares from Parry Phytoremedies Pvt., Ltd. The South African operations of Carborundum Universal were shut down owing to labour problems and  increasing power costs.

TII is to set up a new plant in Punjab at a cost of Rs 95 crore. The first phase will have a capacity of 1.5 million, which will go on stream in the early part of the next financial year.

The company plans a capex of Rs 250 crore in 2015-16.


Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236