Praj Industries is currently trading at Rs. 90.00, up by 0.95 points or 1.07% from its previous closing of Rs. 89.05 on the BSE.
The scrip opened at Rs. 89.95 and has touched a high and low of Rs. 92.00 and Rs. 89.30 respectively. So far 66,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 105.15 on 04-Jul-2016 and a 52 week low of Rs. 70.40 on 26-Feb-2016.
Last one week high and low of the scrip stood at Rs. 94.60 and Rs. 88.20 respectively. The current market cap of the company is Rs. 1,603.00 crore.
The promoters holding in the company stood at 33.87%, while Institutions and Non-Institutions held 27.21% and 38.92% respectively.
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.
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