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  • Shree Renuka Sugars eyes debt reduction; turn profitable as soon as possible Jul 28, 2017 12:18 PM IST

    Shree Renuka Sugars eyes debt reduction; turn profitable as soon as possible

    Confirming the news that Wilmar Sugar would be infusing around Rs 813 crore into Shree Renuka Sugars via convertibles at Rs 16.27 per share., Managing Director Narendra Murkumbi told CNBC-TV18 said the main intention behind this to reduce the debt of the company.

  • At current level of sugar prices, higher FRP may not impact costs adversely: Experts May 25, 2017 12:32 PM IST

    At current level of sugar prices, higher FRP may not impact costs adversely: Experts

    Higher FRP is not impacting costs at current levels of sugar prices but it becomes challenging when sugar prices drop because FRP once increased never brought down, said Abinash Verma, Director-General, ISMA.

  • Expect demand-supply gap of 1.5-2 mt for sugar this year: Shree Renuka Sugars Mar 20, 2017 12:22 PM IST

    Expect demand-supply gap of 1.5-2 mt for sugar this year: Shree Renuka Sugars

    "I do not expect the government to allow prices to spike, I expect that some imports will be required and will be allowed", Narendra Murkumbi, VC & MD of Shree Renuka Sugars told CNBC-TV18.

  • Prices up but production, demand down: Shree Renuka Sugars Dec 23, 2016 01:25 PM IST

    Prices up but production, demand down: Shree Renuka Sugars

    Narendra Murkumbi, Vice Chairman and Managing Director, Shree Renuka Sugars said prices have moved up by about Rs 1 per kg in the last one week on back of news that production will be significantly lower than last season.

  • Net realisations clearer after ethanol price cut: Shree Renuka Oct 13, 2016 04:51 PM IST

    Net realisations clearer after ethanol price cut: Shree Renuka

    Speaking to CNBC-TV18 on the impact of the price revision on the industry, Narendra Murkumbi, VC & MD of Shree Renuka Sugars says while the price is just a rupee or two lower on a year-on-year basis, it is beneficial as net realization has become transparent as far as producers are concerned.

  • Hiving off one of units of Brazilian subsidiary: Shree Renuka Aug 29, 2016 11:14 AM IST

    Hiving off one of units of Brazilian subsidiary: Shree Renuka

    Speaking about the same to CNBC-TV18, Narendra Murkumbi of Shree Renuka Sugars said the banks were ready to take 70 percent haircut and exit with 30 percent of the face value of the debt.

  • Debt recast to help turnaround Brazilian arm: Shree Renuka Jul 27, 2016 03:35 PM IST

    Debt recast to help turnaround Brazilian arm: Shree Renuka

    A Brazilian court has approved the reorganisation of the debt of Shree Renuka Sugars' subsidiary in the country. The recast slashes Renuka Vale do lvai's debt by Rs 168 crore, according to Narendra Murkumbi, Vice-chairman and Managing Director, Shree Renuka Sugars.

  • Sugar price rally because of weather, hot money: Shree Renuka Jun 14, 2016 11:14 AM IST

    Sugar price rally because of weather, hot money: Shree Renuka

    Sugar prices have been on a tear globally as well as India but they have more room to go up further, says Narendra Murkumbi, VC and MD, Shree Renuka Sugars.

  • Sugar prices in +ve range, demand from China strong: Renuka Mar 09, 2016 12:00 AM IST

    Sugar prices in +ve range, demand from China strong: Renuka

    Speaking to CNBC-TV18, Narendra Murkumbi of Shree Renuka Sugars said that selling price for sugar has moved to positive territory and import demand from China remains strong.

  • Sugar prices seen firming up on production decline: ISMA Feb 24, 2016 11:42 AM IST

    Sugar prices seen firming up on production decline: ISMA

    Abinash Verma of ISMA says the production this year is estimated to drop to around 260 lakh tonne, compared to 283 lakh tonne last year, due to weak monsoon.

  • Sugar prices on the mend,see no export subsidy:Shree Renuka Oct 07, 2015 10:14 AM IST

    Sugar prices on the mend,see no export subsidy:Shree Renuka

    Reports suggest that demand for sugar will outstrip supplies in 2015-16, which is indicated in the upward movement of sugar prices. Domestic sugar prices have increased to Rs 25 per kg from Rs 19 per kg in the last few months.

  • No Indian bank majorly exposed to Brazil debt: Shree Renuka Sep 29, 2015 10:08 AM IST

    No Indian bank majorly exposed to Brazil debt: Shree Renuka

    Renuka Brazil will be under judicial protection for 180 days after it gets the nod and it will have to present a plan to the court for approval with creditors, says Narendra Murkumbi, VC & MD, Shree Renuka.

  • Interest free loan a partial solution only: Shree Renuka Jun 10, 2015 04:19 PM IST

    Interest free loan a partial solution only: Shree Renuka

    Reacting to the Rs 6,000 crore interest free loans to sugar companies, Narendra Murkumbi, VC & MD, Shree Renuka told CNBC-TV18 that overproduction is the major problem currently.

  • Ethanol procurement price to aid ind revenue growth: ISMA Dec 11, 2014 09:46 AM IST

    Ethanol procurement price to aid ind revenue growth: ISMA

    ISMA director general Abhinash Verma believes the sugar industry will see better realizations with the new price. The industry revenue will increase by nearly Rs 5,000 crore, he adds.

  • Want raw sugar export subsidy at Rs 4-4.5/kg: Shree Renuka Nov 19, 2014 12:25 PM IST

    Want raw sugar export subsidy at Rs 4-4.5/kg: Shree Renuka

    Narendra Murkumbi, MD of Shree Renuka Sugars says the subsidy has to be Rs 4-4.5 per kg for it to be viable. He expects the subsidy on exports to be extended by one year.

  • Wilmar deal will help Shree Renuka reduce debt: Murkumbi Feb 20, 2014 10:08 PM IST

    Wilmar deal will help Shree Renuka reduce debt: Murkumbi

    The deal will infuse a capital of Rs 1, 240 crore in Shree Renuka that will help the sugar company bring down its debt ratio to 1:1

  • On verge of extinction, UP sugar mills send 'SoS' to govt Sep 23, 2013 01:50 PM IST

    On verge of extinction, UP sugar mills send 'SoS' to govt

    Sugar cane prices have increased 17 percent on average for the last three years, while sugar prices have been lower by nearly 10 percent year-on-year (YoY).

  • 10% ethanol blending can save Rs 9000cr of FX: Shree Renuka Sep 03, 2013 12:38 PM IST

    10% ethanol blending can save Rs 9000cr of FX: Shree Renuka

    According to Narendra Murkumbi, blending 10 percent ethanol in petrol will reduce sugar surplus by almost one million to one-an-half-million tonne and that will be beneficial for the sugar industry. Overall, manadatory ethanol blending by the government will have dual benefits in terms of new market for ethanol and reducing sugar surplus.

  • Sugar decontrol to garner Rs 150 cr in FY14: Shree Renuka Apr 05, 2013 10:24 AM IST

    Sugar decontrol to garner Rs 150 cr in FY14: Shree Renuka

    Government‘s move to remove sugar levy burden will help Shree Renuka Sugar to get Rs 100-150 crore of additional margin in 2013-14.

  • EGoM may discuss sugar decontrol in April: Shree Renuka Mar 22, 2013 05:25 PM IST

    EGoM may discuss sugar decontrol in April: Shree Renuka

    Shree Renuka Sugar board has agreed for merger, with overseas arm Renuka Commodities DMCC. It is an international trading arm of company and its net worth as on Mar 2012 is Rs 622 crore. DMCC Debt is nil and this will lead to improved debt-equity ratio for the parent company.

  • Will produce 23mn tonne in SY13: Shree Renuka Sugar Jan 02, 2013 12:56 PM IST

    Will produce 23mn tonne in SY13: Shree Renuka Sugar

    Narendra Murkumbi, managing director of Shree Renuka Sugars told CNBC-TV18, the company has already produced 8 million tonne sugar the current season and expects to produce another 15 million tonne.

  • Expect EBITDA margins to be constant: Shree Renuka Sugars Nov 21, 2012 11:54 AM IST

    Expect EBITDA margins to be constant: Shree Renuka Sugars

    Narendra Murkumbi, managing director of Shree Renuka Sugars expects EBITDA margins to be constant because in Maharashtra and Karnataka cane prices move in tandem with sugar prices.

  • Sakthi Sugars sees Rs 25-26 kg as 'comfortable price' band Nov 20, 2012 04:00 PM IST

    Sakthi Sugars sees Rs 25-26 kg as 'comfortable price' band

    M Manickam, MD of Sakthi Sugars discusses the possibilities in the sugar-pricing and why he thinks Rs 25-26 is the most comfortable range.

  • May export 2 lakh tonne more under new system: Shree Renuka Mar 28, 2012 01:00 PM IST

    May export 2 lakh tonne more under new system: Shree Renuka

    An Empowered Group of Ministers (EGoM) has allowed sugar mills to export an additional 10 lakh tonne in 2011-12 under open general licence (OGL). Shree Renuka Sugars is hoping to export atleast 2 lakh tonne more under the new system.

  • Sugar production to come between 24.7-26 MT: Shree Renuka Jan 11, 2012 03:26 PM IST

    Sugar production to come between 24.7-26 MT: Shree Renuka

    According to the managing director of Shree Renuka Sugars, Narendra Murkumbi, production for the year is going to come in between the government’s and industry’s estimates.

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