Shree Renuka Sugars’ Anamika Sugar Mills approves Rs. 183.8 crore capex investment for crushing capacity expansion and power plant
Anamika Sugar Mills, a subsidiary of Shree Renuka Sugars, has approved a ₹183.8 crore investment to expand its cane crushing capacity from 4,000 to 7,000 TCD and to set up a 15 MW power plant at its Bhandoria facility in UP. The expansion, expected to be ready for the 2025-26 season, aims to utilize additional sugarcane supply and lower conversion costs. Shree Renuka Sugars had acquired Anamika in 2023 to strengthen its market reach in North and East India.
Many sugar mills across India are expanding their sugarcane crushing capacity to ensure smooth operations. In Uttar Pradesh (UP), Anamika Sugar Mills Private Limited has decided to expand its cane crushing capacity.
The Board of Directors of Anamika Sugar Mills Private Limited (Anamika), a wholly owned subsidiary of the Shree Renuka Sugars, at its meeting held on 26th October, 2024, has, inter-alia, approved the capex investment of Rs. 183.8 crore for the expansion in the cane crushing capacity from 4,000 TCD to 7,000 TCD and setting up of 15 MW power plant at Anamika’s plant located at Bhandoria, Bulandshahr, UP. The proposed expansion is expected to be completed before the beginning of the next crushing season i.e. 2025-26. The proposed expansion will enable the company to utilize the additional cane availability. It will also result in an improvement in operating performance, and a reduction of conversion cost of sugarcane to sugar.
In October 2023, Shree Renuka Sugars completed the acquisition of 100 percent of the equity shares of Anamika Sugar Mills for Rs. 235.5 crore. This acquisition has helped company to establish presence in UP, one of the largest sugar producing states, and to cater to the markets of North and East India.
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