Shree Renuka Sugars to nearly double ethanol capacity; to invest Rs 700 cr

The 20% ethanol blending target has seen sugar sector majors betting on expanding the ethanol capacity; the sector could see an investment of about Rs 10,000 crore in the years ahead

Leading sugar firm Shree Renuka Sugars (SRSL) has said it is planning to expand its ethanol manufacturing capacity from 720 kilo litres per day (KLPD) to 1,400 KLPD, which may see an additional investment of around Rs 700 crore.

“We are already in the process of expanding our capacity to 1,400 KLPD and this will be in place by the last quarter of the current calendar year. The thumb rule is that this will see an additional investment of around Rs 700 crore in the segment,” said Atul Chaturvedi, Executive Chairman, SRSL.

With India setting an ambitious target of blending