Speaking to CNBC-TV18, Gajanan Nabar, CEO & MD of the company said some delays in the order book are reflecting in the numbers.
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.
Ethanol plants major Praj Industries reported a consolidated total income from operations of Rs 203.05 crore and a net profit of Rs 4.75 crore for Q2.
Gajanan Nabar, CEO and MD of Praj Industries, discusses company's fourth quarter earnings and future outlook.
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.
According to Gajanan Nabar, CEO & MD of Praj Industries the order book is showing good traction and the company is hopeful of winning more international orders.
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.