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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. 426.25
Thermax 3475.00
Kirloskar Industries 3682.35
Skipper 561.50
INDO-MIM 1231.70
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