Shree Renuka Sugars commissions new sugar refinery at Kandla

Shree Renuka Sugars has commissioned new sugar refinery on the West coast of India near the port of Kandla, having a rated capacity of 3,000 tons per day (1 million MT per year) of raw sugar refining and 45 MW of co-generation capacity.

This new sugar refinery at Kandla will take the port-based refining capacity of the company to 5,000 tons per day (or 1.7 million tons per year). The company already operates another 2,000 tons per day sugar refinery on the East Coast of India near the port of Haldia.

The company’s net profit for the second quarter decline by 85.09% at Rs 29.20 crore as compared to Rs 195.90 crore for the quarter ended March 31, 2010. Its total income decreased by 22.91% at Rs 1234.70 crore for the quarter under review from Rs 1601.70 crore in the corresponding previous quarter.