EID Parry (India) Limited, one of India’s largest sugar and ethanol producers, may look at the conversion of one of their existing plants into multi-feed grain, according to the transcript for the con-call held on Wednesday, February 12, 2025, on the unaudited financial results for the quarter/nine months ended December 31, 2024.
When asked whether the company is considering producing ethanol through a grain-based method, Abdul Hakeem Ashiq, Chief Operating Officer – Sugar and Biofuel at EID Parry, said, “Out of the units we have, our Sankili unit has a grain capacity. Grain, as we have outlined in the past, our intent is to make our distillery business multi-feed, multi-product. So we would be looking at grain-based option in one of our other facilities also. So we’ll be flexible in terms of our approach.”
Y. Venkateshwarlu, Chief Financial Officer – EID Parry, while answering a question about the portion of multi-feed in the total distillery capacity, said, “The total ethanol capacity is 582 KLPD. Out of that 120 KLPD is basically the multi-feed. 120 KLPD, can be produced from either grain. Grain means like either rice or maize. When it comes to the ethanol, either it is B-heavy molasses or syrup.”
Responding to a question about any further plans for expansion or the conversion of the existing juice-based or sugar-feedstock-based plants to multi-feed, he added, “We have plans. Maybe at the right time, we will disclose it. We have a plan because looking at the challenges in the molasses availability in Tamil Nadu and Karnataka, we may be looking at the conversion of the existing plant into multi-feed grain.”
Y. Venkateshwarlu also provided updates on the business front, saying “As far as the distillery segment is concerned, we sold about 422 lakh litres, as against the previous period of 273 lakhs litres, of which ENA we sold about 118 lakh liters, against 114 lakh litres in the corresponding period. As far as ethanol is concerned, we sold 304 lakh litres. Previous year — for the same period, it was 159 lakh litres. Price realization is good because in the current quarter the average price realization is at INR 65.83 per litre, as against previous year realization INR 62.82. As far as the revenue is concerned, current quarter we sold about INR 290 crores, as against INR 177 crores during the corresponding period of the previous year.”
