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In a bid achieve a manageable debt to equity ratio, EID Parry (India), a part of the Rs 24,300 crore Murugappa Group, is planning to reduce its current debt in FY15. The company, which has a Rs 930-crore long-term and Rs 860-crore short-term debt, is aiming at a debt to equity ratio of 0.5 from the current 1.1.

The company is also expecting the sugar facilities it acquired outside Tamil Nadu to start offering benefits in the next two years.

EID Parry India manufactures and markets a wide range of products such as sugar, bio-products and nutraceuticals. Today, the company is one of the Top 5 sugar producers in India and is on the path to sweetening more lives around the world.

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