Shree Renuka Sugars is India's largest sugar

Sugar

Sugar is a class of edible crystalline carbohydrates, mainly sucrose, lactose, and fructose, characterized by a sweet flavor.Sucrose in its refined form primarily comes from sugar cane and sugar beet...

 refiner and ethanol

Ethanol

Ethanol, also called ethyl alcohol, pure alcohol, grain alcohol, or drinking alcohol, is a volatile, flammable, colorless liquid. It is a psychoactive drug and one of the oldest recreational drugs. Best known as the type of alcohol found in alcoholic beverages, it is also used in thermometers, as a...

 producer based in Mumbai

Mumbai

Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...

, Maharashtra

Maharashtra

Maharashtra is a state located in India. It is the second most populous after Uttar Pradesh and third largest state by area in India...

, with refining capacity of 4000 tonnes/day and distillery capacity of 600 Kilo liter/day. It has 21% market share in India's fuel ethanol market and has an aggressive growth plan of increasing its ethanol production capacity to 900 Kilo liter/day by Dec 2009. It also accounts for 20% of India's international sugar trade.

Acquisitions

on 24 February 2010, Shree Renuka Sugars (SRSL) has signed a deal with Grupo Equipav for an investment of BRL600m leading to a majority, controlling equity stake in Equipav Acucar e Alcool (Equipav), a sugar/ethanol company in Brazil.The deal is subject to approval of an acceptable debt restructuring package by the lenders to the company and certain other conditions customary to such transactions. Closing is expected in 40 days. Shree Renuka Sugars creates one of the largest Sugar/Ethanol Groups in Brazil with Equipav Deal. Indian credit rating agency ICRA

ICRA

ICRA can refer to:* ICRA Limited, an Indian credit ratings agency* Indian Civil Rights Act of 1968, a United States Act regarding civil rights of American Indians/Native Americans...

has maintained the long term rating of [ICRA]A+ on the company.

Renuka sugars also owns a team in KSCA's Belgaum Premier League T20. The name of the team is Renuka Royals.