India's largest glycol ether producer, India Glycols registered for Gorakhpur plant with the United Nations (UN) for carbon credits. In an interview with CNBC-TV18, Rakesh Bhartia, CEO, India Glycols said, "We are looking at about 100,000 CARs (or CRs) per annum. If we are able do better, the range would be 100,000-125,000 CARs per annum for the next 10 years."
Below is the verbatim transcript of Bhartia's interview with Udayan Mukherjee and Mitali Mukherjee of CNBC-TV18. Also watch the accompanying video. Q: Can you just update us on what kind of or quantum of carbon credits you are looking at here? A: We are looking at about 100,000 CARs (or CRs) per annum. If we are able do better, the range would be 100,000-125,000 CARs per annum for the next 10 years. Q: Have you identified potential buyers as well that would be interested to purchase? A: Not yet, but at the same time it is a fairly liquid market. It is too soon because we have got the registration just last week. We havenDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!