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"The companies will fund the expansion programmes through a mix of debt and internal accruals," Srinivasan added.
"While abrasives, fertilisers, sanitaryware and few small businesses did well, the downslide in the sugar and the steep increase in steel prices affected the engineering business groups," Vellayan said.
Consolidating the fertiliser business by merging Godavari Fertilisers with Coromandel Fertilisers last fiscal, the group is now looking at expanding its Mana Gromor retail chain that sells fertilisers and agricultural services like soil testing and agri-insurance.
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