MEDIA RELEASES & COVERAGE

Sugar Businesses

• As per recent estimates, Country's sugar production for SS-2019-20 is estimated at ~26.0 million tonnes considering diversion of B-heavy molasses and sugarcane juice towards ethanol production
• Operating performance in Sugar Season 2019-20 is in line with the estimates
• Contracted sizeable quantity of Export quota and exported about 27% during the quarter
• Ethanol production from B-heavy molasses is also underway
• Focus on optimising working capital requirements through accelerated exports

Engineering Businesses

• Gears business maintained its growth trend and registered higher turnover & profitability
• Water business continued to perform better resulting in higher turnover & profitability
• Outstanding order book of ₹1294 crore for combined Engineering Businesses.

Sugar Businesses

• As per recent estimates, Country’s sugar production for SS-2019-20 is estimated at ~26.0 million tonnes considering higher diversion of sugarcane juice & B-heavy
molasses towards ethanol
• Export extremely vital to manage surplus sugar stock situation in the country. Though, export prices are subdued
• Substantial subsidies are booked in the quarter after meeting all conditions prescribed in the various schemes of the Government

Engineering Businesses

• Gears business maintained its growth trend and registered higher turnover & profitability
• Water business continued to perform better resulting in higher turnover & profitability
• Outstanding order book of ₹1377 crore for combined Engineering Businesses.

Sugar Businesses

Historically highest recovery recorded by all the units and the Company Export obligations have been completed. Subsidies / benefits to be accounted for after filing export claims

Engineering Businesses

Gears business registered higher turnover & profitability

Water business continued to perform better resulting in higher turnover & profitability

Outstanding order book of ₹1431.15 crore for combined Engineering Businesses.

Sugar Businesses

• Historically highest recovery recorded by all the units and the Company
• New Distillery capacity of 160 KLPD commissioned in April 2019
• Have availed soft loan of ₹310 crore under Central Government scheme with interest subvention of 7% for a period of one year

Engineering Businesses

• Gears business registered record turnover & profitability
• Water business turned around - the trend to continue
• Outstanding order book of ₹1489.77 crore for combined Engineering Businesses; an increase of 110% from FY 18 closing.

Sugar Businesses

• All India latest revised estimates for SS 2018-19 sugar production at 30.2 million tonnes with 0.5 million tonnes diversion to ethanol from B-heavy molasses
• Sugarcane arrears of ~ ₹20,000 crore till end of Jan 2019 across the country
• Enhancement of MSP for sugar may be necessitated to bring down arrears of cane dues.
• Setting up of additional distillation capacities on schedule.

Engineering Businesses

• Gears business registered good growth during the quarter in terms of turnover, profitability and order booking
• Turnaround in Water operations with a small profit in the current quarter, the trend is likely to continue.
• Outstanding order book of ₹1510.49 crore for combined Engineering Businesses; an increase of 113% from FY 18 closing.