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In an interview to CNBC-TV18, Tarun Sawhney, VC & MD of Triveni Engineering & Industries spoke about the results and his outlook for the company.
For the company per se, the write-downs in inventory have been substantial for the first quarter of FY15, said Tarun Sawhaney vice chairman & managing director, Triveni Engineering and Industries.
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).
After fairing well in the first quarter of their financial year, Tarun Sawhney, joint managing director, Triveni Engineering is optimistic on the company's performance in the next quarter.
Triveni Engineering has fixed May 4 as Record Date for Scheme of Arrangement with Triveni Turbine. Dhruv M Sawhney, Chairman and Managing Director, Triveni Engineering and Industries Limited, spoke about that process and how investors should approach it now.