Praj Industries which reported 17 percent lower sales in fourth quarter expects ethanol demand to remain under pressure in domestic market, but expects more orders from global markets.
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.
Praj Industries has announced its fourth quarter results. In an interview to CNBC-TV18, Pramod Chaudhari, chairman of Praj Industries says, as on April 1, the pending order book was around Rs 800 crore. Going forward, he sees reasonable growth rate in profits and top-line.
Praj Industries has reported its earnings result for the third quarter ended December 31, 2011. The company’s net profit came in at Rs 21 crore versus 14 crore, year-on-year (YoY).
In an interview to CNBC-TV18, Pramod Chaudhari, chairman, Praj Industries says, the company is trying to be back on the growth path.