Shree Renuka Sugars’ board has approved further capacity expansion of ethanol production from 970 KLPD to 1400 KLPD. The government of India has mandated 20% ethanol blending in fuel by 2025 against a current blending of 7.79%. Considering this, the company sees a huge untapped demand for ethanol for the ethanol blending program of the Government of India which can be of benefit to the company in the future. The Board of Directors of the company, at its meeting held on June 25, 2021, inter?alia, approved the same.
Shree Renuka Sugars is a fully integrated player focused on manufacturing and marketing of sugar, power and ethanol.
