Narendra Murkumbi

In a regulatory filing, the company said "Narendra Murkumbi has tendered his resignation from his executive position as Vice Chairman and Managing Director of the company."

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.

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.

Need to start sugar imports to curb prices: Shree Renuka Sugars

In an interview to CNBC-TV18‘s Manisha Gupta, Narendra Murkumbi, Vice Chairman & MD at Shree Renuka Sugars spoke about the rise in sugar prices and whether there would be any stringent measures from the government to ramp up production and curb prices.

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

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.

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.

Tulsian tells: Stock picks of the day by the expert

In an interview with CNBC-TV18, market expert SP Tulsian gave his views on Biocon, Asian Paints and various sugar stocks.

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.

'Policy on cane prices, export quota to help sugar prices'

The likely decision by the government on cane prices and compulsory export quota for sugar would help sugar prices to move upwards is the word coming in from Narendra Murkumbi, Vice Chairman and Managing Director, Shree Renuka Sugars

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

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.

Did You Know: Ravindra Energy‘s m-cap surged from Rs 1 cr to Rs 800 cr

Ravindra Energy is a Renuka Group Energy company. Mrs. Vidya M Murkumbi (Mother of Narendra Murkumbi) is the chairperson and J Suresh Kumar (earlier CFO of Lanco) is the CEO and CFO. Its registered office is in Belgaum, Karnataka.

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.

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.

Shree Renuka slumps 10% post deal with Wilmar group

Renuka Sugars entered into an agreement with Wilmar International through its subsidiary Wilmar Sugar Holdings (WSH), to facilitate the "investment of about USD 200 million" in the primary capital of the company.

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

Wilmar shells out USD 200 mn for stake in Shree Renuka

The deal, subject to necessary approvals, will be done in two steps, a Wilmar release said on Thursday.

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.

Margins for cane milling biz to remain weak: Shree Renuka

Shree Renuka Sugars is hopeful that its ethanol business will report higher volume and better margins going ahead.

Weak Brazil currency to aid revenues: Shree Renuka

In an interview to CNBC-TV18, Narendra Murkumbi, MD, Shree Renuka Sugars spoke about rupee depreciation and the recent talks about government increasing the import duty on sugar.

Shree Renuka to start sugar exports from Haldia unit

Strong demand during Ramadan and limited supplies in Asia amid a weak rupee has made exports lucrative. Hence the company will soon commence exports from its Haldia refinery. Currently, the company exprts from its Kandla refinery on the west coast

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.

Sugar EBIT margins to rise; cogen volumes up: Shree Renuka

Narendra Murkumbi, MD, Shree Renuka Sugars reveals on CNBC-TV18 that volumes from cogeneration have increased considerably. The company has begun de-emphasising trading segment and the proportion of trading is to become smaller in overall revenue mix.

Is it time to look at sugar stocks?

With state governments considering the various proposals by the Rangarajan Committee on sugar decontrol, is it a good time to look at sugar stocks?