Triveni Engineering focuses on expanding ethanol capacity
Triveni Engineering and Industries is focusing on increasing ethanol production, said Tarun Sawhney, the Vice Chairman and Managing Director of the company, reports CNBCTV 18.
Sawhney said, “Company is actively focussing on expanding its ethanol capacity. In FY23-24, the company anticipates its ethanol production capacity to reach 21 crore liters.”
This decision is in line with the company’s commitment to help the renewable energy sector by focusing on ethanol production.
According to a regulatory filing, company’s net profit rose 74 per cent to Rs 190 crore in the fourth quarter of the last fiscal year. Its net profit stood at Rs 109.17 crore in the year-ago period.
Source Link: https://www.chinimandi.com/triveni-engineering-focuses-on-expanding-ethanol-capacity/
