MEDIA RELEASES & COVERAGE

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.

Sugar Businesses

• In the Sugar Season (SS) 2020-21, it is estimated that the sugar production will be around 31 million tonnes with a likely diversion of around 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 started in all the seven sugar mills
• Ethanol prices recently increased by ₹1.94 to ₹3.34 / litre

Engineering Businesses

• Both the Engineering businesses have performed much better in Q2 after the operations were impacted by the pandemic in Q1
• Encouraging trends of recovery but uncertainty remains over the return in normalcy in order booking
• Outstanding order book of ₹1024 crore for combined Engineering Businesses.

Sugar Businesses

• The Country’s total sugar production in SS 2019-20 estimated at ~ 27.2 million tonnes
• Estimated sugar production of over 30.5 million tonnes in the Sugar Season (SS) 2020-21 with 1.5 million tonnes being diverted for ethanol production
• Maintained uninterrupted operations during lockdown period
• Sugar and Alcohol businesses performed well
• Sizeable quantity exported under MAEQ allocation

Engineering Businesses

• Both the Engineering businesses were impacted in Q1 due to the pandemic
• Encouraging trends of recovery but uncertainty remains over return of normalcy
• Outstanding order book of ₹1104.68 crore for combined Engineering Businesses.

Sugar Businesses

• Record sugarcane crush and Record Sugar Production for the Company in Sugar Season (SS) 2019-20 - 8.75 million tonnes of sugarcane crush and over 1 million tonne of sugar production - Khatauli Sugar Mill achieved highest sugarcane crush and sugar production in the Country.
• Sugar, Power and Alcohol businesses operated uninterruptedly during lock down
• Sizeable quantity exported under initial MAEQ allocation
• Sugar inventories lower by 15% at the year-end

Engineering Businesses

• Both the Engineering businesses were impacted in Q4 due to the pandemic. Uncertainty remains over when normalcy returns
• 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 ₹1147.28 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 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.