Shree Renuka Sugars

What Shree Renuka Sugars does

Shree Renuka Sugars Limited is a publicly listed Indian agribusiness and bio-energy corporation (NSE/BSE ticker RENUKA) founded in 1998 and headquartered in Mumbai, with operational roots in Belgaum. It operates across the full sugar value chain: 8 sugarcane crushing mills in Uttar Pradesh, Maharashtra and Karnataka producing 431,167 MT of sugar per year; 2 port-based refineries at Kandla and Haldia handling 1.38 Mn MT of raw sugar annually for both domestic supply and exports to the Middle East, North Africa and East Africa; a consumer-facing Madhur Pure & Hygienic Sugar brand commanding 33% market share in India's packed sugar segment; and a cogeneration business producing 618 Mn Kwh of power (257 Mn Kwh exported to the grid) from bagasse, a sugar manufacturing by-product.

The company runs an integrated ethanol platform with installed capacity of 1,250 KLPD—expanded from 720 KLPD in 2023—producing Absolute Alcohol for petrol blending under India's Ethanol Blending Programme, Extra Neutral Alcohol for the potable alcohol industry, and Rectified Spirit for chemical industries. It supplies Oil Marketing Companies including Indian Oil, Bharat Petroleum and Hindustan Petroleum, empanels with the Army Purchase Organisation for institutional supply, and serves major FMCG manufacturers in beverages, biscuits, snacks and confectionery. A 100%-owned subsidiary, KBK Chem-Engineering Private Limited (Pune), provides proprietary K-Super and K-M@A EPC solutions for fermentation and distillation industries across Asia, South-East Asia and Africa, adding a services revenue stream. The company was the first in India to receive a Green Loan and operates under sugar export prohibition until September 2026.

Name

Shree Renuka Sugars

Legal name

Shree Renuka Sugars Limited

Website

https://renukasugars.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Shree Renuka Sugars is India's largest sugar refiner and ethanol producer, operating 8 sugar mills, 2 port-based refineries, and 1,250 KLPD ethanol capacity, serving FMCG manufacturers, Oil Marketing Companies, defence, retail consumers via the Madhur brand, and export markets.

Ownership category

akta.pro rank

Product category

Sugar Manufacturing & Refining

NAICS

Cane Sugar Manufacturing (311314), Sugar Manufacturing (31131), Sugar and Confectionery Product Manufacturing (3113)

SIC

Sugar & Confectionery Products (2060)

akta.pro primary industry

Cane Sugar (Raw & Refined) (AFAJAAAA)

akta.pro secondary industries

Grain & Sugar-Based Ethanol Production (EUAAAHAA), Sugar & Sweeteners Trading/Wholesale (AFAIAKAB)

Keywords

• Sugar manufacturing
• Sugar refining
• Ethanol production
• Cogeneration power
• Distillery EPC services

Headquarters

HQ city

Belgaum

HQ country

India

HQ region

Asia

Offices16 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Sugar Manufacturing and Refining: Sugar milling operations in Uttar Pradesh, Maharashtra and Karnataka producing sugar from sugarcane; sugar refining at port-based refineries handling over 1.38 Mn MT of raw sugar for domestic and export markets
2. Ethanol Production: Production of ethanol for blending with petrol (Absolute Alcohol), Extra Neutral Alcohol (ENA) for potable alcohol industry, and Rectified Spirit (RS) for chemical industries; supplies to oil marketing companies, potable alcohol industry, and chemical industries
3. Power Generation: Cogeneration power plants producing electricity from bagasse; majority used captively within operations with surplus electricity sold to state grids and power exchanges
4. Distillery EPC Services: KBK Chem-Engineering subsidiary provides turnkey distillery, ethanol, sugar process equipment and biofuel plant solutions globally through EPC contracts

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Shree Renuka Sugars is India's largest sugar refiner and ethanol producer, operating 8 sugar mills in Uttar Pradesh, Maharashtra and Karnataka along with two port-based refineries that handle over 1.38 Mn MT of raw sugar for domestic and export markets. The company produces ethanol at 1,250 KLPD capacity for fuel blending and industrial alcohol, generates cogeneration power from bagasse, sells packaged sugar to retail consumers under the Madhur brand (33% market share), and through its KBK Chem-Engineering subsidiary delivers EPC solutions for distillery and fermentation plants globally.

Product overview

Shree Renuka Sugars operates as a diversified agribusiness company in food and bioenergy space. The company runs a platform-plus-multiple-business-units model comprising: Sugar Milling (8 mills in UP, Maharashtra, Karnataka), Sugar Refining & Exports (two integrated port-based refineries with 1.38 Mn MT capacity), Consumer Pack division (Madhur Pure & Hygienic Sugar brand with 33%+ market share), Green Energy/Ethanol production (expanded to 1,250 KLPD capacity), Cogenerated Power from bagasse, and KBK Chem-Engineering subsidiary providing distillery EPC solutions globally. The company is India's largest sugar refiner, largest ethanol producer, and a major contributor to India's Ethanol Blending Program.

Differentiator

Problem solved

Functional benefit

Brands

• Madhur: India's largest selling packed sugar brand launched in 2007, marketed as 'Pure & Hygienic Sugar' with the 5S philosophy (Surakshit, Shuddh, Safed, Samaan Mithaas, Sulphur-free Process). Holds over 33% market share in the packed sugar segment.

Products and services

• Madhur Pure & Hygienic Sugar India's largest selling packed sugar brand offering pure and hygienic sugar with the proprietary '5S' guarantee (Surakshit, Shuddh, Safed, Samaan Mithaas, Sulphur-free Process). Sold to retail consumers across India with 33% market share in the packed sugar segment and 20%+ CAGR growth since 2018-19.
• Sugar Milling Operations Eight sugar mills operating in Uttar Pradesh, Maharashtra and Karnataka sugarcane-rich belts, crushing sugarcane to extract juice that is refined into pure sugar crystals. Total sugar produced annually stands at 431,167 MT.
• Sugar Refining & Exports Two integrated port-based sugar refineries located at Kandla and Haldia handling over 1.38 Mn MT of raw sugar annually. Refined white sugar is supplied to large national and multinational food manufacturers in India and exported to the Middle East, North and Eastern Africa.
• Ethanol (Green Energy) Production of ethanol at expanded capacity of 1,250 KLPD for blending into petrol under India's Ethanol Blending Programme. Three product grades are produced: Absolute Alcohol (AA) for fuel blending, Extra Neutral Alcohol (ENA) for potable alcohol industry, and Rectified Spirit (RS) for chemical industries. Total ethanol produced annually is 196 MN LTR.
• Cogenerated Power Renewable power generated from bagasse, a by-product of sugar manufacturing. Power is consumed captively with surplus electricity supplied to state electricity grids and power exchanges; generated 618 Million Kwh in 2023, exporting 257 Million Kwh to the grid, and 501 Mn KwH of green energy overall.
• KBK Chem-Engineering EPC Solutions 100% subsidiary based in Pune providing turnkey EPC (Engineering, Procurement, Construction) solutions for fermentation and distillation industries. Deploys proprietary K-Super and K-M@A technology globally, with completed projects across Asia, South-East Asia and Africa covering distillery, ethanol, sugar process equipment and biofuel plant solutions.

Quantifiable outcome

• 33% market share in packed sugar segment in India
• +5 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• AWL Agri Business LimitedcoreChannel Partner/ Reseller/ Distributor · 29 May 2026AWL Agri Business has entered into a strategic licensing arrangement with Shree Renuka Sugars to acquire rights to the 'Madhur' brand for refined sugar. AWL will handle sales, marketing, and distribution of packaged sugar using its pan-India distribution network, while Shree Renuka gains access to AWL's infrastructure to expand Madhur's reach. The partnership is expected to accelerate growth in India's branded sugar and packaged foods market with mutually agreed royalty terms.
• KBK Chem-Engineering Private LimitedcoreStrategic or Co-development PartnerKBK Chem-Engineering Private Limited is a 100% subsidiary of Shree Renuka Sugars based in Pune. It provides optimal EPC solutions for fermentation and distillation industries with proprietary K-Super and K-M@A technology. KBK has undertaken mega projects in the Ethanol and Distillery industry after success in setting up EPC plants across three continents including Asia, South-East Asia and Africa.
• Robin Hood ArmyminorOthersMadhur Sugar collaborated with Robin Hood Army (a volunteer-based zero-funds organization) for the Madhur Utsav initiative, distributing ration kits and festive sweets to approximately 1,000 underprivileged households across thirteen locations in Delhi during Diwali 2023. The partnership involved approximately 80-90 RHA volunteers and over 100 Madhur Captains.
• Oil Marketing Companies (OMC)coreChannel Partner/ Reseller/ DistributorShree Renuka Sugars supplies ethanol to oil marketing companies including Indian Oil, Bharat Petroleum, and Hindustan Petroleum for blending with petrol under India's Ethanol Blending Programme. The company has expanded ethanol capacity to 1250 KLPD to support this partnership.

Scale indicators13 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key highlights9 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shree Renuka Sugars