Shree Renuka Sugars Limited
Keywords : largest sugar exporter
Description : Shree Renuka Sugars is an integrated manufacturing company with strategic focus on Sugar and its allied products in Power and Ethanol . The Company's registered office is in Belgaum , Karnataka and Corporate Office is at Mumbai. Our key manufacturing facility is in Munoli , 70 Kms from Belgaum and also operates a leased facility at Ajara, Maharastra. The company is working on other acquisitions , expansions and lease opportunities to strengthen its existing strong fundamentals and growth prospects.
Shree Renuka Sugars was incorporated in 1995. Initially it acquired a 1, 250 tcd sick unit from the AP Government in 1998. This unit's asset base was moved to its own location in Munoli and expanded its capacity to 2500 TCD with 11.2 MW cogeneration plant . The commissioning and trial production took place in November 1999. A distillery and ethanol plant of 60kl per day capacity was added in 2002. The sugar refinery was set up to process raw sugar to produce refined sugar meeting European specifications.
Shree Renuka Sugars is operating on lease a co-operative facility in Ajara, South Maharastra which is a 2500 TCD plant . Further the company is operating on lease a co-operative facility in Mohannagar in Sangli district of Maharashtra which will have a capacity of 4000 TCD
The company's merchant export division is the second largest sugar exporter out of India . This fiscal it is the largest raw sugar importer into India . The Company manufactured and traded over 250, 000 MT of sugar in 2002-03 and 350, 000mt in 2004-05. Total trade flow puts the Company in the top 10 of sugar producers/marketers in India . |
