Brief Description of the Business:
Praj Industries Limited is an Indian process and project engineering company. It has a bouquet of sustainable solutions for bioenergy, high purity water, critical process equipment, breweries and industrial wastewater treatment. Praj’s integrated biorefinery demonstration plant has an ethanol production capacity of 1 million liter per annum is the first plant for India .
Praj has its presence across the globe across 75 countries in Asia Pacific, Africa, Europe and North and South America. The company was ranked 34th in the list of 50 Hottest Companies in the Advanced Bioeconomy 2018.
India exports engineering goods to mostly US and Europe and it accounts for over 60% of the total exports. Engineering goods exports for the FY 2018 were US$ 76.20bn. Turnover of capital goods industry is expected to increase to US$ 115.17bn. Electric equipment industry grew by 12.18% in 2017-18.
The Ministry of New and Renewable Energy has set a target to set up renewable energy capacity of about 15GW for hydro and bio by 2022. India’s renewable energy sector is expected to attract investments of up to US$ 80 bn in coming 4 years.
Promoters 33.01%, FPIs 13.83%, Mutual Funds/Banks/Individuals 49.22%