Ethanol Blending at 10% Won't Be Major Game Changer: Praj

(Moneycontrol.com) Praj Industries has been on focus post reports suggesting that ethanol blending with petrol could become a reality soon. Praj, which provides technology and machinery for ethanol production, is likely to benefit from the move.
In an interview to CNBC-TV18’s Ekta Batra and Reema Tendulkar, executive chairman Pramod Chaudhari said the current ethanol blending stands at around 3 percent levels against the previous government’s intent of increasing it to 10 percent. He hopes the new government will help in bringing it to 5 percent level. He, however, doesn’t see increasing the level to 10 percent as a major game changer, but feels that it can surely pave the way forward... READ MORE