Saturday, December 7, 2024
HomeMolassesShree Renuka set to buy UP-based Anamika Sugar Mills at ₹200 cr

Shree Renuka set to buy UP-based Anamika Sugar Mills at ₹200 cr

Shree Renuka Sugars, India’s largest refinery promoted by Singapore-based Wilmar Sugar Holdings with over 62 per cent share, has nearly finalised a deal to buy Anamika Sugar Mills, a standalone factory in Bulandshahr, Uttar Pradesh, at about Rs 200 crore.

While Shree Renuka Sugars officials were not available for comment, an email to Ashok Agarwal, a director at Anamika Sugar Mills, did not elicit a reply either.

Sugar industry officials said small mills in Uttar Pradesh were unable to compete against large companies that have expanded and modernised, adding distilleries for added profitability. More small mills are likely to be acquired by bigger players, they added.

Anamika Sugar Mills has a factory in Bulandshahr with sugarcane crushing capacity of 4,000 tonnes per day. It does not have any distillery, leaving scope for expansion, sources said.

Shree Renuka Sugars has seven sugar mills in India with total crushing capacity of 35,000 tonnes of cane per day (TCD) and two port-based sugar refineries in Gujarat and West Bengal with total capacity of 1.7 million tonnes per annum (MTPA). It also manufactures fuel-grade ethanol for blending with petrol and its distillery has a combined capacity of 930 kilo litre per day (KLPD) both from molasses and rectified spirit.
Sugar Times
Sugar Timeshttp://sugartimes.co.in
Sugar Times is a monthly Hindi news magazine on sugarcane, ethanol and molasses; founded in co-guidance of sugar industry experienced professionals of the cane dept., scientists of sugar research institutes and experts that is distributed to a national audience in the sugar industry.Setting up a remarkable journey of 6+ years; we now have more than 10,700+ monthly circulation widely in Sugar Industry, Sugar Institutes, Sugar Federations, Sugar Mills, Potential Farmers and other liquor allied distilleries and sugar industries. Considering the geography, we have a strong hold in the northern states of the country.OBJECTIVE: - Our magazine is an initiative for sharing information and knowledge on sugarcane policies, sugarcane farming techniques for the farmers and sugar industry. It covers different articles, write-ups and news on govt. policies, sugar mill updates, molasses data and other important datas of the business.
RELATED ARTICLES
- Advertisment -spot_img

Most Popular

WP2Social Auto Publish Powered By : XYZScripts.com