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Praj Industries acquires additional 20% stake in Praj HiPurity Systems

25 Aug 2015 Evaluate

Praj Industries has acquired additional 20% stake in its subsidiary Praj HiPurity Systems ‘Formerly known as Neela Systems’ for approximately Rs. 35.70 Crore. With this, Praj HiPurity Systems has become a Wholly Owned i.e. 100% Subsidiary of the company.

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.

Peers
Company Name CMP
Bharat Heavy Elect. 442.00
Thermax 3294.85
Kirloskar Industries 3475.40
Skipper 528.40
INDO-MIM 1230.50
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