The focus was on reducing costs and improving efficiencies in the Chloro vinyl business, said Ajay Shriram, Chariman and Senior MD, DCM Shriram.
The company, which is into sugar business, had posted a net loss of Rs 32.68 crore in the year-ago period.
Ethanol blending program is of such significance, that if successfully implemented, could help sugar companies weather the business cyclicality associated with the sugar business and improve their financial position, says CARE Ratings.
Commenting on the dismal performance of their sugar business in July-September quarter, Tarun Sawhney of Triveni Engineering says, they have been suffering losses for the last 12 months and going forward the future of the business totally depends on sugarcane prices in Uttar Pradesh (UP).
Balrampur Chini Mills Ltd (BCML) on Wednesday reported a loss of Rs 9.77 crore for the first quarter ended June 30, due to strain in sugar business. The company had posted net loss of Rs 18.05 crore in the April-June quarter of 2012-13 fiscal.
Sanjay Tapriya, CFO, Simbhaoli Sugar Mills, in an interview with CNBC-TV18 talked about how the restructuring exercise the company is planning to for its power business is likely to benefit its sugar business.
In 2008 Young Turks, Puneet Dalmia, Managing Director of Dalmia Cement had been an inspiration to several young entrepreneurs. He is now on a mission to conquer Mount Everest. He wants to take the group revenues to over USD 10 billion by 2015.