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Praj Industries plans to partner with PE funds, foreign lenders: Report

06 Sep 2016 Evaluate

Praj Industries is reportedly planning to enter into partnership with private equity (PE) funds and foreign lenders after having announced setting up of a green fund last month. The ethanol technology provider is now focusing on second-generation ethanol production from agri-residue. The newly announced fund will finance setting up of such projects.

The Pune-based company has installed around 100 first-generation (1G) ethanol plants in India. It claims that six-seven percent of global ethanol is produced from technology provided by it. It exports technology to 75 countries, including the UK, the US, Germany and Belgium.

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. 394.50
Zetwerk Manufactur 159.30
Thermax 3135.25
Kirloskar Industries 3249.45
Skipper 489.45
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