Murugappa Group's market cap touches $8 bn in March quarter

Group received highest revenue from Coromandel International

Murugappa Group recorded a turnover Rs 30,023 crore in FY17 as against Rs 29395 core in the year-ago period.

Group's market capitalisation touched $8 billion in March as compared to $5.6 billion in the corresponding period last year.

Chennai-based conglomerate, which gets a major chunk of its revenue from the agriculture-oriented business, believes it can reach $10 billion capitalisation in a couple of years and register a grow of around 20-25 per cent.

Group Executive Chairman A Vellayan attributed the increase in market capitalisation to the performance of three companies including the Tube Investments of India Ltd and Cholamandalam Investment