Shree Renuka Sugars commences additional ethanol production capacity

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by 5paisa Research Team Last Updated: Feb 14, 2023 - 06:28 pm 1.3k Views
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Shares of Shree Renuka Sugars company jumped more than 25% in last one year.

Shree Renuka Sugars (SRSL) has commenced commissioning activities of its expanded ethanol production capacity at Athani (from 300 KLPD to 450 KLPD) and at Munoli (from 120 KLPD to 500 KLPD). After completion of the commissioning activities, the Company’s ethanol production capacity will stand increased from 720 KLPD to 1250 KLPD.

About the company 

Shree Renuka Sugars Limited is one of the largest sugar, green energy (ethanol and renewable power) producers and sugar refiner in India. The company manufactures fuel grade ethanol that can be blended with petrol. The Company also produces power from bagasse (a sugar cane by product) for captive consumption and sale to the state grid in India and Brazil.

As a leading agribusiness and bioenergy Company, it is present across the value chain with strategic network of infrastructure. SRSL is a subsidiary of Wilmar Sugar Holdings Pte. Ltd., Singapore [part of Wilmar Group (Asia's leading agribusiness group)].

Stock price movement of Shree Renuka Sugars Limited

Today, the stock opened at Rs 47.70, with a high and low of Rs 48.45 and Rs 46.40. The stock closed trading at Rs 46.85, down by 1.06%.

In the last 6 months, the shares of the company have given more than 2% returns and on a YTD basis, the stock has given about -17% returns.

The stock has a 52-week high of Rs 68.70 and a 52-week low of Rs 30.35. The company has a ROCE of 6.23% with a market capitalisation of Rs 1316 crore.

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