Financial Daily from THE HINDU group of publications
Wednesday, Aug 31, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Corporate - New Projects
Markets - IPOs
Agri-Biz & Commodities - Sugar


Shree Renuka Sugars plans IPO to fund Rs 128-cr expansion

Our Bureau

Mumbai , Aug 30

SHREE Renuka Sugars Ltd is planning to make a public issue of equity shares at a premium aggregating Rs 100 crore with a green shoe option aggregating Rs 10 crore through a 100 per cent book building process.

The IPO will meet part of the finance required for its Rs 128.50-crore expansion project. The public issue is expected in September/October.

The expansion project involves tripling the cane crushing capacity from 2,500 TCD to 7,500 TCD and doubling the distillery capacity from 60 KLD to 120 KLD, at its plant in Munoli at Belgaum in Karnataka. This plant also has a 20.5 MW co-generation plant and a 1,000 TPD raw sugar-processing refinery, company release said. The company is also setting up a 15-MW co-generation power plant at Mohanrao Shinde Cooperative Sugar Factory in Maharashtra.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



TMB Ltd

Stories in this Section
Saregama setting up master server with 3 lakh songs


Goldman ups stake in Suven
Reliance Energy to appoint separate CEOs for Delhi arms
Jaipuria consultancy arm
Taj-GVK Hotels to add rooms
Sujana Metal to hike share capital
Cranes Soft board okays pref issue
Textile mills to outsource from powerloom units
TNEB can levy extra charges for consumption during peak hours: HC
From drawing board to vehicle rollout — Ashok Leyland to leverage multiple tech
RPG Group to sell idle assets
Trent acquires 76% stake in Landmark for Rs 103.6 cr
Bajaj Hindusthan board okays 55% stake in Pratappur Sugar
Shree Renuka Sugars plans IPO to fund Rs 128-cr expansion
BMW team briefs Jayalalithaa, plans to invest Rs 180 cr
NDTV to tie up with Malaysian broadcaster
Pantaloon plans beauty parlours
Himatsingka board to consider bonus issue, share split
GE Healthcare expects growth from India-centric products
After losing PetroKazakh deal, ONGC now turns to Ecuador
Flood damage to plant may dent Asahi India's financial performance
PTC India to pull on without a chief for now


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line