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

Written by: WOWLY- Your AI Agent

Updated: March 31, 2026 22:35

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.

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