The government has approved 20 percent ethanol blending in petrol to reduce vehicular pollution. Shishir Joshipura, MD & CEO of Praj Industries, spoke to CNBC-TV18 to assess the impact on their business.

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"This is the time in which the policy has been very progressive. It has continuously pushed forward for inclusion of bio-fuels in the overall energy mix of the country and that augurs well because on many dimensions. It improves the farmers' income, it will help to alleviate the pollution and save foreign exchange. So, from all dimensions this has been a very positive development in the field.”

On receiving orders, Joshipura said, “We are seeing very positive traction on our order book. The first is the fact that the enquiries levels are going up and we are seeing enquiries levels increase every quarter. We are now more than double the level of what we were a year back."

"We are seeing a very high speed of enquiries increasing and coming to finalisation table and the projects are getting to the closure stage.”

For full management commentary, watch the video.

(Edited by : Priyanka Rathi)

First Published:Mar 16, 2021 11:49 AM IST