DSIJ Mindshare

Indian Oil Corporation Limited (IndianOil) and Praj Industries Limited (Praj) signed a term sheet to advance plans to strengthen biofuel production capacities in India. Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others.

According to the financials, the company has a market cap of over Rs 350 crore and has delivered good profit growth of 38 per cent CAGR over the last 5 years. Additionally, the company has reported amazing numbers in its quarterly results and annual results.

In Q4FY23, the company witnessed a significant increase in net sales, rising by 38.01 per cent to reach Rs 145.05 crore compared to Q4FY22. Similarly, in the entire FY23, net sales experienced robust growth of 41.50 per cent and reached Rs 473.55 crore, surpassing the figures of FY22.

According to the financials, KEI Industries has a market cap of over Rs 21,000 crore. The net sales increased by 9.10 per cent to Rs 1,955 crore and net profit increased by 19 per cent to Rs 138 crore in Q4FY23 over Q4FY22. The net sales increased by 20.70 per cent to Rs 6,921 crore and net profit increased by 26.86 per cent to Rs 477 crore in FY23 over FY22.

According to the financials, PFCL has a market cap of over Rs 53,000 crore with a 1-year CAGR of 98 per cent. The company’s maximum stake is owned by The President of India (55.99 per cent) as of March 2023. The company reported excellent numbers in its quarterly results and annual results.