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.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 28.14 |
| Bajaj Hindusthan Sug | 18.80 |
| Triveni Engg. & Inds | 393.00 |
| Balrampur Chini Mill | 486.00 |
| Dalmia Bharat Sugar | 394.05 |
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