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Incorporated in 1995, Shree Renuka Sugars Ltd does manufacturing and refining of sugar, ethyl alcohol, ethanol, generation and sale of power
India Ratings (Ind-Ra) has downgraded Shree Renuka Sugars' Non-Convertible Debentures (NCDs) and bank facilities. Long-term ratings changed from 'IND A'/Negative to 'IND A-'/Negative, while short-term moved from 'IND A1' to 'IND A2+'. This reflects weaker-than-expected performance, EBITDA losses, and increased net external debt, which grew to ₹5,690 Cr at FYE26...