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  • Expect to close Wilmar deal by December or January: Shree Renuka Sugars Nov 14, 2017 11:50 AM IST

    Expect to close Wilmar deal by December or January: Shree Renuka Sugars

    Shree Renuka Sugars reported its Q2 numbers with sugar segment dragging the revenues down. In an interview with CNBC-TV18, Narendra Murkumbi, VC and MD, Shree Renuka Sugars spoke about the results and his outlook for the company.

  • 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.

  • Expect 30-35% increase in cane production in FY18: Shree Renuka May 30, 2017 12:40 PM IST

    Expect 30-35% increase in cane production in FY18: Shree Renuka

    Shree Renuka Sugars posted an EBITDA loss due to higher expenses. In an interview to CNBC-TV18, Narendra Murkumbi, VC & MD of the company spoke about the results and gave his outlook.

  • 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.

  • Sugar prices to go up further; cane volumes low: Shree Renuka Feb 02, 2017 12:26 PM IST

    Sugar prices to go up further; cane volumes low: Shree Renuka

    The prices for the first nine months were around Rs Rs 30-32/kg ex-mill but increased over the last 30-days to Rs 36/kg. Hopeful of them going up further, said Narendra Murkumbi, VP & MD, Shree Renuka Sugars.

  • 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.

  • Truck network is in pain due to demonetisation: Shree Renuka Nov 16, 2016 02:30 PM IST

    Truck network is in pain due to demonetisation: Shree Renuka

    In conversation with CNBC-TV18, Narendra Murkumbi, VC & MD, Shree Renuka Sugars, says that transport in sugar industry is very badly hit. New purchases have come down to 50 percent. Supply of manpower at the lower levels is getting difficult.

  • 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.

  • Local sugar price to see a 'rapid rally' post rain: Shree Renuka May 31, 2016 11:32 AM IST

    Local sugar price to see a 'rapid rally' post rain: Shree Renuka

    The company sold sugar at an average price of Rs 29 ex-mill in the fourth quarter of FY16, and the current ex-mill price has risen to Rs Rs 32.5, says Narendra Murkumbi, the co-founder of 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.

  • Rising sugar prices to help margins in 2 qtrs: Shree Renuka Nov 13, 2015 12:30 PM IST

    Rising sugar prices to help margins in 2 qtrs: Shree Renuka

    Narendra Murkumbi, VC & MD, Shree Renuka Sugars said the previous two quarters were hit by lower sugar prices, but things appear to be on the mend.

  • 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.

  • Brand ‘Madhur‘ to help boost realisations: Shree Renuka May 22, 2015 11:05 AM IST

    Brand ‘Madhur‘ to help boost realisations: Shree Renuka

    Brand ‘Madhu‘ which is now the no.1 brand in the country helped the company perform better in the sugar segment, said Narendra Murkumbi VC & MD, Shree Renuka Sugars.

  • 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.

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