Shree Renuka Sugars Ltd (Bombay Stock Exchange: 532670)


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Business Description
Shree Renuka Sugars Limited is a global agribusiness and bio-energy company. The Company operates in four segments: Trading, Ethanol and Power. The Company operates approximately 11 mills globally with a total crushing capacity of 22 million tons per annum or 101,520 tons crushed per day. The Company operates seven sugar mills and two port-based sugar refineries in India with a total crushing capacity of 8.4 million tons per annum and total refining capacity of 2.3 million tons per annum. The Company operates a trading hub in Dubai to capitalize on trade opportunities in the Asian region. The Company produces power from bagasse (a sugarcane byproduct) for captive consumption and sale to the state grids in India and Brazil. The Company manufactures fuel grade ethanol that can be blended with petrol. Effective May 27, 2014, Wilmar Sugar Pte Ltd acquired a 27.5% interest in Shree Renuka Sugars Ltd.