Praj Industries Limited
PRAJIND.NS
National Stock Exchange of India355.15
INR
-5.85
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Praj Industries Limited
PRAJIND.NS
(National Stock Exchange of India)
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355.15
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ROIC.AI
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- Business
- Praj Industries Limited is an Indian multinational biotechnology and engineering company specializing in sustainable solutions primarily for the bioenergy, brewery, and wastewater treatment industries. Founded in 1983 and headquartered in Pune, Maharashtra, Praj offers a comprehensive portfolio of products and services, including biofuels production technologies such as alcohol/fuel ethanol plants; advanced biofuels including 2G ethanol and compressed biogas (CBG); next-generation fuels such as sustainable aviation fuel (SAF), biomarine fuel, bio-methanol, and bio-hydrogen. The company also manufactures critical process equipment and skids like pressure vessels, reactors, heat exchangers, and columns serving industries such as oil and gas, refining, petrochemicals, fertilizers, chemicals, food, pharma, and biotech. Additionally, it provides brewery and beverage plants, industrial wastewater treatment and recycling systems with zero liquid discharge (ZLD) capabilities, and high purity water systems for industrial processes. Recent major developments include a strategic partnership with thyssenkrupp Uhde's subsidiary Uhde Inventa-Fischer to collaboratively develop end-to-end polylactic acid (PLA) production technology from feedstock conversion to polymer production to support circular economy goals, targeting applications in packaging, textiles, and hygiene industries. Praj also signed a memorandum of understanding (MoU) with Axens to jointly develop sustainable aviation fuel production through the alcohol-to-jet (ATJ) pathway. The company launched a new subsidiary, Praj GenX, with a new manufacturing facility in Mangalore. Praj secured significant international orders, including a $150 million grain-based ethanol plant project in Paraguay and joint venture agreements with BPCL for developing multiple CBG projects in India. It also entered agreements for large-scale compressed biogas plants in South India and expanded framework contracts with global customers. Operating in over 75 countries, Praj’s manufacturing facilities are located in Sanaswadi near Pune, Kandla Port in Gujarat, and Wada in Thane District. The company serves government entities, industrial players, and multinational firms, earning recognition for its innovative R&D including the establishment of a Center of Excellence for Biopolymers in collaboration with ICT Mumbai. Praj's business segments thus include bioenergy, critical process equipment, brewery and beverages, wastewater treatment, high purity water systems, bio-products for livestock health and nutrition, and customized research and technology services. Praj Industries reflects a strong growth trajectory with FY 2022-23 revenue reported at approximately ₹2,788 crores and a net profit of ₹299 crores, supported by expansion in biofuel technologies, international projects, and environmental sustainability solutions. Its strategic focus on advanced biofuels, circular bioeconomy, and environmentally sustainable technologies positions it as a leading player in the global industrial biotechnology and engineering sectors.