Shree Renuka Sugars has reportedly restarted its 2,000 tonnes per day (TPD) refinery plant located at Haldia in West Bengal after a gap of nearly a year. The country’s biggest sugar refiner has restarted the plant in order to cash in on higher prices in the local markets.
India, the world's biggest sugar consumer, currently imposes a 10% duty on imports of raw and white sugar. However, importing raw sugar for refining, and selling white sugar in the local market is still viable.
Shree Renuka Sugars is one of the largest private sector sugar manufacturers in the country, promoted by first generation entrepreneurs, viz. Murkumbi family, with a combined crushing capacity of about 35,000 TCD (across seven units) in India and 59,520 TCD (across four units) in Brazil.
