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Praj Industries acquires additional 10% stake in Praj HiPurity Systems

30 Sep 2014 Evaluate

Praj Industries has acquired a further stake of 10% in its subsidiary Praj HiPurity Systems formerly known as Neela Systems for approximately Rs 20.40 crore. With this the company now holds 80% stake in Praj HiPurity Systems at an approximate cost of Rs 117.95 crore.

Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for biofuels, brewery, industrial processes and water and wastewater treatment systems.

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