EID Parry reports 0.32 LMT sugar sales in December 2019

EID Parry (India) today announced its business update for the December 2019. It has sold 0.27 LMT (lakh metric tonnes) sugar in the domestic market and 0.05 LMT of export. The cane crush during the period was 6.57 and recovery was 10.67 per cent.

During December 2019, the company’s alcohol production was 60 LL and alcohol sale was 56 LL. Furthermore, power generation during the month was 489 LU and power export was at 245 LU.

EID holds 60.55 per cent stake in listed Coromandel International Ltd, India’s one of the largest Phosphatic fertilizer player.

The stock of EID Parry was trading in negative bias as overall market witness selling pressure. The stock, which opened at Rs 228.95, dipped nearly 4 per cent to touch an intra-day low of Rs 219.7 apiece.

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.