The push for increased ethanol blending in India is proving beneficial for sugar stocks such as EID Parry and Gulshan Polyols Ltd. This shift is driving up demand and reducing oil dependency, thanks to policy backing and a growing emphasis on cleaner energy sources. In response, these companies are expanding their ethanol production capacity to capitalize on the rising demand.

EID Parry announces plans to close its sugar refinery by March 2026 due to significant financial losses amounting to approximately ₹1406 Crore. The company has decided to invest ₹610 Crore, provide ₹130 Crore in loans, and settle existing loans worth ₹137 Crore as part of this decision.

EID Parry is planning to inject a total of 740 crores into PSRIPL, with 610 crores in equity and additional 130 crores in loans. This investment aims to strengthen PSRIPL's operational capacity and help it overcome its financial difficulties.