|₹47.75 / ₹8.73|
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Shree Renuka Sugars Limited (SRSL) is an integrated manufacturing company with strategic focus on Sugar and its allied products in Power and Ethanol. The Company was incorporated on 25th October 1995, key manufacturing facility of the company is in Munoli, Athani & Havalgah, Karnataka and also SRSL operate three leased facilities at Ajara & Arag in Maharashtra and at Aland in Karnataka. SRSL has the largest sugar refining capacity in India of 4000 tons per day (TPD). The sick unit (sugar mill) was taken over by the company from Nizam Sugars Limited during the year 1998 with an existing capacity of 1,250 TCD and land admeasuring 135. 552 acres situated at Sudhanagar Sugar Unit, Parigi Mandal, near Hindupur, Ananthapur District, Andhra Pradesh. Subsequent to the aforesaid purchase, transferred all the plant and machinery along with the employees to the Munoli Unit at Belgaum and enhanced the capacity to 2,500 TCD during the year 1999. In same year of 1999, SRSL had started its commercial production of sugar at the Munoli unit and entered into a power purchase agreement with the Karnataka Electricity Board for sale of surplus electricity, being 7. 55 MW for an initial period of 10 years from the date of commercial production and a renewal period of 20 years at the rate of Rs.