Shree Renuka Sugars announces capacity expansion for ethanol production.
Existing capacity for ethanol production is 720 Kilo litre Per Day (KLPD) and its capacity utilization is 80% and may vary subject to raw material availability,
The Company proposed additional capacity is 250 KLPD.
The company states October 2022 as the period within which the proposed capacity is to be added.
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Investment required for the expansion is Rs204cr and by borrowing the finances.
Shree Renuka Sugars ended at Rs9.62 down by Rs0.33 or 3.32% from its previous closing of Rs9.95 on the BSE.
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