EID Parry (India) Ltd - Company Profile
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Business Description
EID Parry (India) Ltd (EID Parry) produces and supplies sugar and nutraceuticals. It also manufactures and sells distillery products in various forms and produces power through cogeneration.
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R&D Overview
EID Parry’s R&D arm focuses on improving sugarcane varieties suited to the company’s terrain mix, manufacturing products of higher quality, exploring the use of sophisticated breeding processes that incorporates genetic traits from wilder cane equivalents, extension into adjacent products and plugging white spaces marked by large under-addressed opportunities. The company operates a dedicated Cane Breeding and Research Centre with advanced tissue culture developing facilities recognized by the Department of Scientific and Industrial Research (DSIR), Ministry of Science and Technology of India. With its in-house breeding program at the Haliyal unit, EID Parry developed new sugarcane varieties in R&D farms with the collaboration of the Indian Council of Agricultural Research (ICAR). The company has sugarcane R&D facilities at Pugalur and Nellikuppam, and a nutraceuticals R&D facility at Thiruvottiyur in Tamil Nadu. In FY2023, the company incurred an expenditure of INR57.9 million on its R&D activities as compared to INR54.2 million in FY2022.
Business Segments
Overview
Offers cogeneration electricity from bagasse that is sold to state government utilities, third parties, and electricity exchanges. Operates six cogeneration plants in Tamil Nadu, Karnataka, and Andhra Pradesh, all in India.
Performance
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Overview
Offers ethanol, rectified spirit, and extra neutral alcohol extracted from sugarcane. Operates five manufacturing and refining units in Tamil Nadu, Karnataka, and Andhra Pradesh, all in India.
Performance
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Overview
Offers sugar, jaggery powder, brown sugar, low GI sugar, and crystalline sugar. Operates sugar plants in Tamil Nadu, Karnataka, and Andhra Pradesh. Sells sugar and its products under the brand names such as SWEET CARE, Amrit, and Nucane.
Performance
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Overview
Provides farmers with crop protection needs, improvement of yield recovery, and adoption process for best cultivation practices.
Performance
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Overview
Offers dietary supplements which include herbal and traditional medicines including organic spirulina, organic chlorella, tomato lycopene, astaxanthin, and antioxidant carotenoids. Operates four nutraceutical plants in Tamil Nadu, Florida the USA, and Chile.
Performance
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Overview
Offers phosphatic fertilizers, urea, muriate of potash, single super phosphate, and others to farmers and farming companies.
Performance
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Performance
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Geographical Segments
Performance
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Performance
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