EID Parry (India) plans to set up new sugar mills in Andhra Pradesh and Karnataka. This will be in addition to the ongoing expansion of over Rs 850 crore at its sugar mills in Tamil Nadu. The company plans to raise the present capacity to crush 14,500 tonnes sugarcane per day to over 24,500 tonnes in the next two seasons. It also expects to transform its sugar mills into integrated sugar complexes with distillery and cogeneration facilities.
The companys four sugar mills are concentrated in Tamil Nadu in South Arcot, Tiruchi, and Pudukottai districts. The facility in Nellikuppam, South Arcot, is an integrated mill and the company is in the process of converting the other mills as fully integrated complexes. The company recently has acquired a New Horizon Sugars mill in Pondicherry and plans to add 70,000 tonnes to its capacity in the coming year.
EID Parry will invest over Rs 220 crore in expanding sugar capacity, Rs 450 crore in cogeneration and Rs 180 crore in distillery. By 2008-09 its power generation capacity will increase to 133 MW from the current 43 MW and distillery output will increase to 240 kilolitres per day (KLPD) from 133 KLPD.
The company has commissioned an 18 MW cogeneration facility at its sugar mill in Pudukottai. This was the forerunner of the change in business with all sugar mills set to become integrated facilities.
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| Posted : 7/20/2006 |
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