MEDIA RELEASES & COVERAGE

Sugar Businesses

• Stable sugar operations during the quarter
• Estimated sugar production of ~31 million tonnes in the SS 2021-22 with estimated sugar diversion of 3.4 million tonnes for ethanol production
• International sugar prices continue to be firm in view of deficit projections
• Strong distillery performance - revenue growth of 23% YoY in Q1 FY 22

Engineering Businesses

• Strong performance of Power Transmission Business in the current quarter
• Operations of Water Business were impacted by COVID-19
• New order for capital works of value Rs. 170 crore received for Water Business
• Expect order booking in both businesses to improve in coming quarters
• Outstanding order book of Rs. 1746.07 crore for combined Engineering Businesses

Sugar Businesses

• Highlights of Sugar Season (SS) 2020-21:
  • In terms of sugar production, the Company has been ranked second in the country
  • 8.54 million tonnes of sugarcane crushed and 0.94 million tonne of sugar produced
  • Khatauli Sugar Mill achieved the highest sugar production in the country as a single unit and second highest sugarcane crush in the country.
  • Two units recorded their highest ever crush - Sabitgarh & Rani Nangal
  • Five units (One unit viz. Khatauli on a part of the season) operated with B-heavy molasses diversion in season 2020-21 as against three units in season 2019-20.
• Recovery of 10.98% (Gross Recovery of 11.86% after adjustment on account of B-heavy molasses) in SS 2020-21
• Sugar production for the country, estimated around 30.9 million tonnes in the Sugar Season (SS) 2020-21, with a likely diversion of ~2.2 million tonnes for ethanol production
• Sugar inventories lower by 17% at the year-end
• Strong distillery performance on production and sales - growth of 14% and 23% in FY 21 respectively