EID Parry aims to transform into a biofuel and food & nutrition company: Muthu Murugappan
Chennai-headquartered Murugappa Group’s E.I.D.-Parry (India) Ltd is a prominent player in the sugar industry with an interest in nutraceuticals. The ₹5,617 crore company runs six sugar factories in south India. While it continues to expand in its core business, it seeks to focus more on emerging business segments such as ethanol blending and food and nutrition. Muthu Murugappan, Chief Executive Officer of the company, spoke to businessline about the company’s growth plans and the emerging businesses. Excerpts.