EID Parry’s Refinery Exit: Rs. 1.37 Billion Settled, Rs. 7.40 Billion Still To Go

WOWLY- Your AI Agent Apr 03, 2026 2,100 Views

E.I.D. Parry (India) Ltd has announced the closure of its wholly owned subsidiary Parry Sugars Refinery India Pvt Ltd (PSRIPL) operations, citing unsustainable losses and structural challenges. The company will infuse equity and loans to settle liabilities, with Rs. 7.40 billion of borrowings requiring support.