“I don’t see any reason to expand capacity for another two years,” said Pramod Chaudhari, Executive Chairman of Praj Industries.
Praj Industries has launched a 'Green Fund' that will help it take up projects to make second-generation ethanol projects -- a move it says will help the government achieve its target of mixing automotive fuels with 10 percent ethanol by 2022.
The Road Minister Wednesday suggesting it is possible to manufacture vehicles that could run entirely on ethanol. Reacting to the news, M Manickam, MD, Sakthi Sugars said vehicles are run on ethanol it can be extremely beneficial in terms of reducing pollution in metros.
In an interview with CNBV-TV18, Gajanan Nabar, CEO & MD, Praj Industries, said the company will be able to produce 400 crore litre if the ethanol blending limit is hiked to 20 percent.
In an interview to CNBC-TV18, Gajanan Nabar, CEO and MD at Praj Industries spoke about the financial performance of the company in the quarter gone by and the road ahead.
Going forward, if ethanol blending in petroleum is raised to 10 percent, it will also help the Indian government to go to its planned 20 percent by 2017.
Pramod Chaudhari, Chairman of Praj Industries expects a demand push for ethanol producing machineries after the implementation becomes effective. According to him, ethanol generated from food grains are also expected to get a fillip.
In an interview to CNBC-TV18, Pramod Chaudhari, chairman, Praj Industries says, the company is trying to be back on the growth path.