ANALYTICAL STUDY ON RATIO ANALYSIS AT SHREE RENUKA SUGARS LTD
Sugarcane Acreage & Production :
The sugar industry in India uses only sugarcane as input, hence sugarcaneacreage and production is a key factor in determining sugar productionfor the year. The area under sugarcane cultivation has gradually increasedover the years mainly due to the diversion of land by the farmers fromother crops to sugarcane for economic reasons.Sugar mills have been largely established in large sugarcane growingstates like Uttar Pradesh, Maharashtra, Andhra Pradesh, Karnataka,Gujarat and Tamil Nadu. These six states together account for 80-90% of the sugarcane produced in India.Accordingly, the leading sugar producing states are Uttar Pradesh,Maharashtra, Tamil Nadu, Gujarat, Andhra Pradesh and Karnataka,accounting for 85-95% of the total sugar produced in India.In SY 2008P, these states accounted for about 90% of the total sugarcane production in India, with Maharashtra and Uttar Pradesh leading with24% and 37% respectively of the total sugarcane production, and for about 92% of total sugar production in India, again with Maharashtra andUttar Pradesh leading with 34% and 28% respectively of the total sugar produced in India.
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