Shree Renuka Sugars to acquire sugar mill, ethanol plant in India

In India, Shree Renuka Sugars will invest $6 million to acquire two biofuels-related companies in Maharashta. The company will acquire a sugar mill with 1250 tonnes in capacity and a 3 Mgy ethanol plant, as well as acquiring Godavari Biofuel, a company which holds a license to produce ethanol and will also contribute 5 acres near the port of Mumbai that will be used to construct a storage facility.

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