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Shree Renuka Sugars to begin sugar exports from Haldia refinery

06 Jul 2013 Evaluate

Shree Renuka Sugars is planning to export white sugar from its Haldia refinery on the east coast, anticipating strong demand for white sugar in the month of Ramadan from Sri Lanka, Gulf and African countries. The company is setting itself up as the strong demand and limited supplies in Asia amid a weak rupee has made exports more attractive.

The company has been exporting whites from its Kandla refinery on the west coast. Meanwhile, the company is likely to refine 1.5 million tonnes of raw sugar in the year ending March 31, 2014, compared to about 1 million tonnes a year earlier.

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.

Shree Renuka Sugar Share Price

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