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.