Shree Renuka signs MOU with Brazilian sugar giant

Mumbai, May 29 (UNI) Shree Renuka Sugars Ltd has entered into a Memorandum of Understanding (MoU) for a period of 3 years with Copersucar, Brazil for supply of high quality raw sugar and allied technical support for the Company's 2000 TPD port-based sugar refinery coming up at Haldia, West Bengal.

Copersucar is Brazil's largest sugar milling and marketing group and one of the largest sugar and alcohol producers in the World. It has 29 sugar mills, processing over 60 million tons of cane each year, the release said.

It also owns and operates its own port terminal for exports.

Shree Renuka Sugars is a fully integrated player focused on manufacturing and marketing of sugar, power and ethanol. For the half year ended March 31 2006, the Company posted a Total Income of Rs 442.45 crore and Net Profit of Rs 66.30 crore, the release added.

UNI AR PM AG1757