EID Parry decides to close sugar unit at Pudukottai

30 Jul 2019 Evaluate

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.

E.I.D. Parry (I) Share Price

541.45 -1.15 (-0.21%)
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