Renuka Sugars plans overseas expansion

Sugar major Shree Renuka Sugars is mulling over various options, including a follow-on public offer (FPO), to raise funds in the coming months for its overseas expansion even as the company has earmarked Rs 230 crore for domestic expansion.The company hopes its overseas expansion would help considerably lower the production costs. While the official did not divulge the investments earmarked for the overseas initiatives, he said that it was open to various funding options such as ADR, GDR, QIP or even a follow-on public offer (FPO).