EID Parry is engaged in sugar, nutraceuticals, and ethanol production. It also has a significant presence in the Farm Inputs business, including biopesticides, through its subsidiary, Coromandel International Limited
Co. has four R&D facilities in India including a research farm- recognized by DSIR. In FY22 co. spent Rs. ~6 crores on R&D activities
Product Segment:Sugar (~70%):
Distillery (22%):
Cogeneration: Power (6%)
Nutraceuticals (2%):
Co. exports to 40 countries globally. In FY23, ~6% of the total revenues were generated from exports (standalone).
The company has six sugar factories with the capacity to crush 40,300 tons of Cane per day, generate 140 MW of power and have five distilleries with a capacity of 417 KLPD
The capex plans of the company, which include 120 and 45 KLPD expansions in Haliyal and Nellikuppam, are in progress. The total cost of these projects is ~₹270 crore. The company has also secured sanction letters amounting to ₹237 crores for the same. As of April 23, the company has utilized ₹10 crores, and the projects are expected to be completed by FY24.
The company has total equity investments in subsidiaries and joint ventures (JVs) to the extent of ₹687 crores (FY21: ₹824 crores) as of March 31, 2023. Of these, the majority of the investments are in CIL (₹112 crore), PSRIPL (₹478 crore), and US Nutraceuticals Inc. (₹82 crore)
It is also exploring opportunities to convert Sugar, distillery, & Nutra by-products (waste) into value-added Products suitable for aquaculture, Poultry & Animal husbandry. Co. has developed nutrient-rich, eco-friendly, soil-less media from sugar cane bagasse both for the international and domestic markets.
Co. has four R&D facilities in India including a research farm- recognized by DSIR. In FY22 co. spent Rs. ~6 crores on R&D activities
Product Segment:Sugar (~70%):
Distillery (22%):
Cogeneration: Power (6%)
Nutraceuticals (2%):
Co. exports to 40 countries globally. In FY23, ~6% of the total revenues were generated from exports (standalone).
The company has six sugar factories with the capacity to crush 40,300 tons of Cane per day, generate 140 MW of power and have five distilleries with a capacity of 417 KLPD
The capex plans of the company, which include 120 and 45 KLPD expansions in Haliyal and Nellikuppam, are in progress. The total cost of these projects is ~₹270 crore. The company has also secured sanction letters amounting to ₹237 crores for the same. As of April 23, the company has utilized ₹10 crores, and the projects are expected to be completed by FY24.
The company has total equity investments in subsidiaries and joint ventures (JVs) to the extent of ₹687 crores (FY21: ₹824 crores) as of March 31, 2023. Of these, the majority of the investments are in CIL (₹112 crore), PSRIPL (₹478 crore), and US Nutraceuticals Inc. (₹82 crore)
It is also exploring opportunities to convert Sugar, distillery, & Nutra by-products (waste) into value-added Products suitable for aquaculture, Poultry & Animal husbandry. Co. has developed nutrient-rich, eco-friendly, soil-less media from sugar cane bagasse both for the international and domestic markets.