Ind-Ra assigns PRESPL BBB-minus with stable outlook ANI | Updated: Jan 12, 2021 14:54 IST
Mumbai (Maharashtra) [India], January 12 (ANI): India Ratings and Research (Ind-Ra) has assigned Punjab Renewable Energy Systems Pvt Ltd (PRESPL) a long-term issuer rating of BBB-minus with a stable outlook.
The company operates in biomass industry which is a carbon-neutral source of energy. It is supported by various government initiatives for reducing carbon emissions and lowering the dependence on non-renewable resources.
Its consolidated revenue was modest despite improving to Rs 34.2 crore in FY20 due to the improved sale of steam which constituted 69 per cent of total revenue. During 7M FY21, the company achieved a revenue of Rs 32 crore with 40 per cent contribution from the sale of steam.
Mumbai (Maharashtra) [India], January 12 (ANI): India Ratings and Research (Ind-Ra) has assigned Punjab Renewable Energy Systems Pvt Ltd (PRESPL) a long-term issuer rating of BBB-minus with a stable outlook.
The company operates in biomass industry which is a carbon-neutral source of energy. It is supported by various government initiatives for reducing carbon emissions and lowering the dependence on non-renewable resources.
Its consolidated revenue was modest despite improving to Rs 34.2 crore in FY20 due to the improved sale of steam which constituted 69 per cent of total revenue. During 7M FY21, the company achieved a revenue of Rs 32 crore with 40 per cent contribution from the sale of steam.
Paddy straw-based briquetting plant opened in Punjab
By IANS |
Published on
Fri, Dec 18 2020 18:21 IST |
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A bumper harvest of paddy has brought cheers to Telangana in the otherwise gloomy environment due to coronavirus-induced lockdown, resulting in the state s revenues coming to almost nil. Thanks to completion of some key irrigation projects, including. Image Source: IANS News
Chandigarh, Dec 18 : In a major initiative to cut down stubble burning, Punjab Chief Minister Amarinder Singh on Friday virtually inaugurated the country s first paddy straw-based briquetting plant with a capacity of 100 tonnes per day.
Calling it an overdue initiative, the Chief Minister said the new technology will not only help check environmental pollution through gainful utilization of straw but will also enable farmers, especially small farmers, earn extra income from the sale of the stubble.