E.I.D. Parry India Ltd not to operate sugar unit at Pettavaithalai for non-availability of sugarcane

The Board of Directors of E.I.D. Parry India Ltd have decided that the sugar unit of the Company at Pettavaithalai, Tamilnadu, which is not in operation due to continuous non-availability of adequate sugar cane, will not be operated in future as the expectation of a revival of the cane cultivation in the area is low due to a variety of factors. The Company proposes to deal with the assets of the unit as may be deemed appropriate.

Shares of E.I.D.-PARRY (INDIA) LTD. was last trading in BSE at Rs.344.9 as compared to the previous close of Rs. 344. The total number of shares traded during the day was 11212 in over 476 trades.

The stock hit an intraday high of Rs. 346.85 and intraday low of 343.35. The net turnover during the day was Rs. 3866092.

Source : Equity Bulls

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