India's E I D-Parry rises after approving distillery

E I D-Parry (India)

08/09/2021 07:10

** Shares of sugar producer E I D-Parry (India) Ltd
 EIDP.NS  rise as much as 2.5% to 414.25 rupees, their highest
since Aug 26
    ** Co on Tuesday approved setting up a grain-, sugar syrup-
and molasses-based distillery in Andhra Pradesh state
 urn:newsml:reuters.com:*:nFWN2Q9076
    ** To set up distillery with an investment of 925 mln rupees
($12.57 mln)
    ** Stock posts biggest pct gain since Sept 2
    ** EIDP up 17.6% YTD, up to last close

($1 = 73.6120 Indian rupees)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))