E.I.D. Parry (India) is currently trading at Rs. 208.20, up by 5.30 points or 2.61% from its previous closing of Rs. 202.90 on the BSE.
The scrip opened at Rs. 202.10 and has touched a high and low of Rs. 208.20 and Rs. 198.15 respectively. So far 19570 shares were traded on the counter.
The BSE group 'B' stock of face value Re 1 has touched a 52 week high of Rs. 209.50 on 02-Jun-2014 and a 52 week low of Rs. 103.00 on 07-Aug-2013.
Last one week high and low of the scrip stood at Rs. 209.50 and Rs. 186.50 respectively. The current market cap of the company is Rs. 3604.49 crore.
The promoters holding in the company stood at 45.22 % while Institutions and Non-Institutions held 27.44 % and 27.30 % respectively.
EID Parry India is planning to commence operations at its sugar refinery at Kakinada in Andhra Pradesh in mid-June. The refinery project saw the light after a delay of nearly two years in its commencement, led by lack of gas supply. This led to a loss of Rs 120 crore to the company in the last two years on interest payments and depreciation costs.
Due to fuel concerns, the refinery has been converted to coal-fired project with an additional investment. The company said it was investing around Rs 60 crore in the changeover to coal-powered facility, completing an investment of over Rs 500 crore.
Moreover, the plant’s capacity could be increased to 2,000 tonne per day, and at the peak capacity for about 300 days the production is 600,000 tonne. For 2014-15, however, it would target 300,000-400,000 tonne.