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EID Parry (India) Ltd.

BSE: 500125 | NSE: EIDPARRY |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE126A01031 | SECTOR: Sugar

BSE Live

Oct 22, 16:00
475.00 -4.00 (-0.84%)
Volume
AVERAGE VOLUME
5-Day
30,881
10-Day
53,050
30-Day
42,145
34,479
  • Prev. Close

    479.00

  • Open Price

    482.10

  • Bid Price (Qty.)

    469.85 (75)

  • Offer Price (Qty.)

    480.00 (2)

NSE Live

Oct 22, 15:59
470.00 -8.70 (-1.82%)
Volume
AVERAGE VOLUME
5-Day
441,307
10-Day
728,683
30-Day
470,081
252,247
  • Prev. Close

    478.70

  • Open Price

    483.00

  • Bid Price (Qty.)

    470.00 (50)

  • Offer Price (Qty.)

    0.00 (0)

Company History - EID Parry (India)
YEAR                                                         EVENTS
 1975 - The Company was incorporated on 22nd September.  The
 Manufacture
        and sale of sugar, spirit, carbonic acid gas, ceramics,
        chemicals, fertiliser mixtures, complex fertilisers, plant
        protection products, animal feeds, processed seeds,
 distribution
        of fertilisers, consumer and engineering products, assembling
        of generating sets, export of marine and other products, etc.
 
 1976 - The Scheme of Arrangement and Amalgamation by which all the
        assets and liabilities of the Sterling Company, E.I.D. Parry,
        Ltd., were vested in the Company as on 1st January became
        effective on 18th June, 1976.
 
      - The Company has a sugar factory at Nellikuppam, South Arcot
        District, Tamil Nadu.  Sugar is produced by the double
        sulphitation process.  The Distillery attached to the
 company's
        sugar factory at Nellikuppam manufactures various kinds of
        spirits required for industrial and medical purposes.  The
 carbon
        dioxide gas plant at Nellikuppam has a capacity of 10,000
 pounds
        of gas per day.
 
      - The Company also owns chemical, pottery and fertiliser works
 at
        Ranipet, North Arcot Dist., Chennai, where sulphuric, nitric
        and hydrochloric acids epsom salts and sulphate of alumina
        sanitaryware and a variety of potteryware are manufactured.
 
      - The Ranipet Works manufactures fertiliser mixtures,
        super-phosphate, insecticides and fungicides.
 
      - Excepting for 63 Equity shares of Rs 10 each issued for cash,
 the
        balance of the share capital both pref. and equity represents
        shares issued for consideration other than cash, such shares
        having been issued to shareholders of E.I.D. Parry, Ltd. in
 the
        prop. of two 11% cumulative redeemable Pref. shares of Rs 10
 each
        fully paid-up for every 9% cumulative Pref. share of Pound 1
 each
        and two Equity shares of Rs 10 each fully paid-up in exchange
 for
        every ordinary share of Pound 1 each in terms of the Scheme
 of
        Arrangement and Amalgamation dated 3rd February, 1976 between
        E.I.D. Parry, Ltd. and the Company. Pref. shares redeemable
 at
        the Company's option after 10 years but before 15 years from
 the
        date of allotment.
 
 1977 - An agreement was entered into with Haldor Topsoe of Denmark
 for
        the know-how and basic engineering for the revamping of the
        Company's ammonia plant for the revamping of the Company's
        ammonia plant for methanol production.
 
 1981 - While sale of cattle feeds registered a marginal growth,
 offtake
        in poultry farms was considerably reduced due to uneconomic
        process and competition from the home mix.
 
 1984 - Complicated requirements of the automobile and electrical
        industries was developed but the operations resulted in a
 loss.
        As the tool room division did not fit into the Company's
 other
        activities, the unit was sold.
 
 1985 - A new tunnel kiln as commissioned during the year.  A new
 range
        of `Cascade' sanitaryware with emphasis on saving water, was
        launched in selected areas.
 
 1986 - Sales of fertiliser mixtures and superphosphate were
 adversely
        affected due to unfavourable weather conditions and stiff
        competitions.
 
 1987 - The sulphuric acid and phosphoric acid plants were
 commissioned
        after modernisation.  A proposal was on hand to modernise the
        paramfos granulation plant.  Modernisation work in the sugar
        factory at Nellikuppam commenced and installation of a new
 boiler
        was almost completed.  Letter of intent was received to
 expand
        the crushing capacity of the sugar plant at Nellikuppam to
 5,000
        tonnes of cane per day.
 
 1988 - The Company developed in-house techniques for tissue culture
 of
        cane.
 
      - Government's permission was sought for the setting up of a
 new
        unit at Karnataka to manufacture sugar and to set up a unit
 at
        Nillikuppam to manufacture vinyl acetate monomer (VAM) using
 the
        alcohol available from the distillery.
 
 1990 - Operations were adversely affected due to labour unrest at
 the
        sugar and fertiliser factories.  Sugarcane crushed was lower
 due
        to labour strike for a month in November/December.
 
      - The Company undertook a scheme of rehabiliation/cum expansion
 to
        increase the capacity of the factory to 4,000 TCD.  The
        Conversion of sulphuric acid plant to Double conversion
 Double
        Absorption process was being set up at a cost of Rs 4.20
 crores
        at Ranipet.
 
      - The Company acquired controlling interest in Falcon Gulf
        Ceramics, Ltd., at Rajasthan to improve the market presence
 in
        the Ceramics Industry.  Government approved the import of
 design, 
        drawings and essential components for erection of a new
 shuttle
        kiln and a tunnel kiln to replace the existing old kilns.
 
      - Import of know-how from IFO Sanitar AB, Sweden, was also
 approved
        for the manufacture of sophisticated sanitary-ware items
        including specially designed water saving closet system.  A
 new
        shuttle kiln was commissioned.
 
      - Production of phosphatic fertilisers at Ennore factory was
        adversely affected due to strike by workmen for two months.
 
      - A letter of intent was received to set up a VAM unit and the
        Company was awaiting Tamil Nadu Government's policy on
 alcohol
        before proceeding with the implementation of the project.
 
 1991 - Two new products viz., Parrydon and Angi were added to the
        product range.
 
 1992 - The Company entered into a technical collaboration with
        Trifolio-M Gmbh for production of Neemezal.
 
      - 50,000 - 14% Pref. shares redeemed.  4,12,017 No. of equity
        shares of Rs 10 each allotted as per Scheme of Amalgamation
 of
        Murugappa Electronics Ltd. with the Company.
 
 1993 - New products viz., Acquarius range of products, slimline
 cistern
        and wonderflush fittings were introduced.  Dekalf Plant
 Genetics,
        USA was launched.
 
      - The Company offered 34,00,000-15% partly convertible
 debentures
        of Rs 150 each on Rights basis in the proportion 5
 debentures:
        10 No. of equity shares held. (all were taken up).
 
      - Another 1,70,000 debentures were issued to the employees on
 an
        equitable basis (only 1,37,200 debentures taken up).
 
      - Rs 70 of the face value of each debenture was to be converted
        into 1 equity share of Rs 10 each at a premium of Rs 60 per
 share
        on the date of allotment of debentures.  Accordingly
 35,37,200
        share were allotted.  Balance Rs 80 of the face value of each
        debenture was to be redeemed in 3 instalments of Rs 25, Rs 25
        and Rs 30 at the expiry of 7th, 8th and 9th year respectively
        from the date of allotment of debentures.
 
 1994 - Acquarius range of products were introduced.  New products
 such
        as Kitchen Sink and Bath Tubs were being introduced and during
 
        the year, plans were afoot to double the units' capacity.
 
      - The pilot plant for scale up work from the laboratory was
        commissioned.
 
      - The High Court of Chennai and Rajasthan vide orders dated
 29th
        July 1994 and 30th September 1994 sanctioned the scheme of
        amalgamation of Falcon Gulf Ceramics Ltd.  According the
        erstwhile shareholders were issued 1,73,913 No. of equity
 shares
        on 23.01.1995.
 
      - During July, the Company offered 47,67,581 Global Depository
        Receipts representing 47,67,581 ordinary shares at an issue
 price
        of US $8.39 per GDR.
 
      - 40,00,000 No. of equity shares were issued with warrants
        entitling the holder to apply for nine equity shares per
 warrant
        at the end of 18 months from the date of allotment.
 
 2000 - The company have appointed Mr T.B. Subramanian, retired Chief
 General 
             Manager, IDBI, as a Nominee Director on te board.
 
          - The Company proposal for amalgamation of its subsidiaries,
 Pettavaittalai
             Sugars and Chemicals Ltd., Johnson Pedder Ltd., and
 Dhanyalakshmi 
             Investments Ltd., with this company with effect from 1st
 April.
 
            - EID Parry Ltd, part of Murugappa Group, has launched a
 new website
              www.eparryware.com to showcase its sanitaryware products
 being produced
              under the brand name Parryware.
 
 2001 - Crisil has reaffirmed the AA rating assigned to the various
 non-convertible debenture
              programmes of EID Parry (India) Ltd.
 
 2002
 
 -Acquires 22,50,000 equity shares of Rs.10 each in SanthanaLakshmi
 Investments Pvt Ltd, which has become subsidiary of EID.
 
 -Invensys India Pvt Ltd finishes the performance based automation
 project at the Pudukkotai Sugar mill of the company.
 
 2003
 
 -Board approves for the scheme of demerger whereby the company's farm
 inputs division comprising of Fertilizers & pesticides would be
 demerged into Coromandel Fertilizers Ltd.
 
 -Lunches 'Experiencecentre'  in Bangalore.
 
 -Bags orders for installation of hands free integrated electronic
 flushing urinal system in schools.
 
 -Diversifies into contract farming  and branded marketing of rice.
 
 -Mr R Seshasayee, Director resigns from the Board of the company.
 
 -Company has informed that the Hob'ble High Courts of Judicature at
 Madras and Andhra Pradesh have sanctioned the Scheme of Arrangement
 for demerger of Farm Inputs Division of the Company to Coromandel
 Fertilisers Ltd (CFL) and the amalgamation of Parry & Company Ltd
 (P&CO) and Mofussil Warehousing and Trading Company Ltd (MWT), the
 companies wholly owned subsidiaries with the Company.
 
 -Mr RS Nanda, has resigned as a Director of the Company.
 
 2004
 
 -EID Parry contemplates on Nellikuppam plant sale
 
 -EID Parry - Divestment of equity shares in Parry's Confectionery
 
 -MR S.M. DATTA, former Chairman of Hindustan Lever Ltd, will take
 over as the Chairman of EID Parry (India) Ltd. The incumbent Chairman
 of the company, Mr M.V. Subbiah, has retired, on attaining the age of
 retirement. Mr Subbiah will also be relinquishing office from the
 other statutory board positions of the Murugappa group companies
 
 -EID Parry (India) Ltd has informed that at the Board Meeting held on
 January 19, 2004, Mr. P. Rama Babu, Whole time Director has been
 redesignated as Managing Director
 
 -Opens Annual Maintenance Contracts (AMCs) for bathrooms, first of
 its kind in the country
 
 - EID Parry (India) Ltd's sanitary ware manufacturing plants at
 Ranipet, Alwar and Dewas have been given the ISO 14001: 1996
 Environment Management system certifications by the British Standards
 Institute.
 
 -E.I.D. Parry launches 'Parry's Pure Refined Sugar'.
 
 2005
 
 -EID Parry acquires New Horizon Sugar Mills for Rs 50.20 crore
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2006
 
 -EID Parry on December 08, 2006 has signed a Joint Venture Agreement
 (JV) with Cargill Asia Pacific Holdings PTE Ltd, (Cargill) a wholly
 owned subsidiary of Cargill International, consequent to which the
 parties have made an initial subscription to the share capital of
 Parrys Sugars Refineries Pvt Ltd.
 
 2009
 
 - EID Parry India Ltd has informed that Mr. Sridhar Ganesh has been
 appointed as an Additional Director (Non Executive Non Independent
 Director) of the Company with effect from March 20, 2009.
 
 2010
 
 -Acquires a Majority Satke in Parrys Sugar industries ltd (previously
 known as GMR Industries Ltd) Via open offer.
 
 -Subdivides face value of equity shares from Rs.2 per share to
 Rs.1Per Share.
 
 -Sells off Entire holding in Roca Bathroom Procducts Pvt.Ltd.
 
 -Increased the throughput sugrcane capacity to 32500 TCD &
 co-generation to 146MW.
 
 -Company has splits its Face value of Shares from Rs 2 to Re 1
 
 2011
 -Sadashiva Sugars Ltd has become a wholly owned subsidiary of the
 Company.
 -Mr. V. Ravichandran has appointed Non Executive Vice Chairman.
 
 2012
 -Best Sugar Cane Development Award for the season 2011-12 in Andhra
 Pradesh state from SISTA (South Indian Sugarcane & Sugar
 Technologists Association).
 
 2013
 - EID Parry (India) Ltd. has appointed Ms. G.Jalaja as Company
 Secretary and Compliance officer of the company.
 - EID Parry (India) Ltd. has acquired 100% stake in Alimtec S.A.
 Chile part of the Bayer Group.
 
 2014
 -Amalgamation of Parry Phytoremedies Private Limited with EID Parry
 India Limited
 
 2017
 -EID Parry unit gets USFDA nod for Indian microalgae facility
 -EID Parry arm partners Synthite for extraction of Phycocyanin.