EID Parry to commence operations at sugar refinery in Andhra Pradesh

EID Parry India is planning to commence operations at its sugar refinery at Kakinada in Andhra Pradesh in mid-June. The refinery project saw the light after a delay of nearly two years in its commencement, led by lack of gas supply. This led to a loss of Rs 120 crore to the company in the last two years on interest payments and depreciation costs. Due to fuel concerns, the refinery has been converted to coal-fired project with an additional investment. The company said it was investing around Rs 60 crore in the changeover to coal-powered facility, completing an investment of over Rs 500 crore. Moreover, the plant’s capacity could be increased to 2,000 tonne per day, and at the peak capacity for about 300 days the production is 600,000 tonne. For 2014-15, however, it would target 300,000-400,000 tonne. EID Parry India manufactures and markets a wide range of products such as sugar, bio-products and nutraceuticals. Today, the company is one of the Top 5 sugar producers in India and is on the path to sweetening more lives around the world.