Shree Renuka Sugars Limited (BSE : 532670) is seeking to sell Mandhu hydroelectric plant, located in Promissao, Sao Paulo. The company failed to attract buyers in a tender launched on December 22, 2016. The minimum bid was set at approximately $210 million but no offers were made. It is reported that there will no longer be a minimum bid for the next tender. If the tender is unsuccessful, creditors will meet to find a solution.