Its expenses rose 4% year-on-year to 185.13 billion rupees, outpacing a 2.4% rise in revenue to 106.56 billion rupees, while net debt stood at 2.12 trillion rupees as of June 30.
The Finance Minister said the industry has great potential and should create manufacturing capacity keeping in mind sustainability, carbon emission, general pollution and groundwater pollution, among other issues.
In its annual report for FY23, the largest private sector lender said the CEO was paid a basic salary of Rs 2.82 crore, allowances and perquisites of Rs 3.31 crore, a provident fund of Rs 33.92 lakh and a performance bonus of Rs 3.63 crore
Kurlon Enterprises Ltd was established in 1962 as Karnataka Coir Products, part of the South India-based Pai family business group, and is currently headed by Jyothi Pradhan