Credit rating agency, India Ratings & Research has revised the rating for Shree Renuka Sugars’ Long Term Debt and Non Convertible Debentures (NCDs) from ‘A+’ to ‘A’.
Shree Renuka Sugars operates 11 sugar mills in India and Brazil with a total crushing capacity of 20.7 million tonnes per annum and two port-based refineries with sugar production capacity of 1.7 million tonnes per year.