<p>"The shareholders have approved the change in name of the company to Parrys Sugar Industries Ltd," GMR Industries today said in a filing to the Bombay Stock Exchange. Early this year, EID Parry, a sugar and bio-product manufacturing company, had struck a deal to acquire 51 per cent in the loss-making GMR Industries from its promoter GMR Holdings, which marked the exit of GMR group from the sugar business.<br /><br />GMR Industries, which today reported a net loss of Rs 30 crore for the quarter ended September 30, currently operates three fully-integrated sugar complexes in Andhra Pradesh and Karnataka with a combined installed crushing capacity of 11,000 TCD (tonne crushing capacity per day), 46 MW of co-generation and 95 KLPD (kilo litre per day) of distillery.<br /><br />Net loss of the company was Rs 30 crore for the July-September quarter as against a loss of Rs 18.3 crore during the same period of 2009-10, the filing added. Net sales of the company during the second quarter jumped to Rs 19.89 crore, slightly up from Rs 16.65 crore reported last year for the same quarter.<br /><br />Shares of the company were traded today at Rs 147 apiece on the Bombay Stock Exchange, up 0.38 per cent from the previous close.</p>
<p>"The shareholders have approved the change in name of the company to Parrys Sugar Industries Ltd," GMR Industries today said in a filing to the Bombay Stock Exchange. Early this year, EID Parry, a sugar and bio-product manufacturing company, had struck a deal to acquire 51 per cent in the loss-making GMR Industries from its promoter GMR Holdings, which marked the exit of GMR group from the sugar business.<br /><br />GMR Industries, which today reported a net loss of Rs 30 crore for the quarter ended September 30, currently operates three fully-integrated sugar complexes in Andhra Pradesh and Karnataka with a combined installed crushing capacity of 11,000 TCD (tonne crushing capacity per day), 46 MW of co-generation and 95 KLPD (kilo litre per day) of distillery.<br /><br />Net loss of the company was Rs 30 crore for the July-September quarter as against a loss of Rs 18.3 crore during the same period of 2009-10, the filing added. Net sales of the company during the second quarter jumped to Rs 19.89 crore, slightly up from Rs 16.65 crore reported last year for the same quarter.<br /><br />Shares of the company were traded today at Rs 147 apiece on the Bombay Stock Exchange, up 0.38 per cent from the previous close.</p>