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EID Parry acquires 76% stake in M/s Sadashiva Sugars Ltd.

12 Oct 2009 Evaluate

As part of the growth strategy for the Sugar business, EID Parry (India) Limited, has acquired a 76% stake in the Equity of M/s Sadashiva Sugars Limited based in Bangalore with its factory at Bagalkot, Karnataka. Sadashiva Sugars Limited has its headquarters in Bangalore and factory at Nagaral Nainegali, Bagalkot District, Karnataka. The factory has capacity to crush sugarcane of 2500 TCD and has a Cogen capacity of 15.5 MW. This is a new unit currently being commissioned.

 

EID Parry, the leading manufacturer of Sugar in Tamil Nadu and Pondicherry with 5 factories having sugarcane crushing capacity of 19000 TCD and a Cogen capacity of 84.5 MW also operates two distilleries with a capacity of 135 klpd. This acquisition will be EID Parry Sugar Division's first entry into Karnataka.

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