EID Parry (India) has decided to close sugar unit of the company at Pettavaithalai, Tamilnadu, which is not in operation due to continuous non-availability of adequate sugar cane. The said plant will not be operated in future as the expectation of a revival of the cane cultivation in the area is low due to a variety of factors. The company proposes to deal with the assets of the unit 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.
