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

Sugar Businesses

• Sugar production estimated around 30.2 million tonnes in the Sugar Season (SS) 2020-21, with a likely diversion of over 2 million tonnes for ethanol production (Previous season 2019-20 - ~ 27.42 million tonnes and 0.8 million tonnes diverted for ethanol production)
• Sugarcane crushing ongoing in all the seven sugar mills; Sugarcane crushed 2.81 million tonnes @ a recovery of 10.19% (Gross Recovery of 10.93% after adjustment on account of B-heavy molasses) in Q3 FY 21
• 1.82 lakh tonnes quota for exports for 2020-21 under the MAEQ programme
• Strong ethanol production and sales – growth of 11% and 24%

Engineering Businesses

• Muted performance of Power Transmission business in the quarter. Expected to make up in Q4 FY 2021.
• WBG has participated in several tenders –domestic and international. New orders expected in Q4 FY 2021/ Q1 FY 2022.
• Encouraging trends of recovery but uncertainty remains over the return in normalcy in order booking
• Outstanding order book of ₹988 crore for combined Engineering Businesses.