EID Parry (India) has decided that the sugar unit at Pudukottai which is not in operation due to continuous non-availability of adequate sugar cane will not be operated in future as the expectation of the revival of cane cultivation in the area is low due to a variety of factors.
The company proposes to transfer assets of the unit to its other units and also dispose other assets as may be deemed appropriate.
EID Parry (India) is a significant player in Sugar with interests in promising areas of Bio Pesticides and Nutraceuticals. The company also has a significant presence in Farm Inputs business through its subsidiary, Coromandel International.
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