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Praj Industries shines on declaring commercialization of ‘enfinity’ technology in USA

04 Sep 2019

Praj Industries is currently trading at Rs. 104.90, up by 2.05 points or 1.99% from its previous closing of Rs. 102.85 on the BSE.

The scrip opened at Rs. 104.40 and has touched a high and low of Rs. 106.00 and Rs. 104.00 respectively. So far 74957 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 168.00 on 07-Mar-2019 and a 52 week low of Rs. 81.00 on 05-Sep-2018.

Last one week high and low of the scrip stood at Rs. 106.50 and Rs. 99.55 respectively. The current market cap of the company is Rs. 1917.18 crore.

The promoters holding in the company stood at 32.98%, while Institutions and Non-Institutions held 30.75% and 36.27% respectively.

Praj Industries has crossed yet another milestone in the commercialization of its 'enfinity' technology, subsequent to the successful demonstration of performance and due diligence of its 2G ethanol technology by a US-based Oil & Gas behemoth.

'Enfinity', Praj's proprietary and award-winning technology, will be deployed to produce ethanol and other co-products using sugarcane bagasse in what would be USA's first bagasse-based bio-refinery.

The bio-refinery is being jointly promoted by Florida based Omega Energy USA, a developer of renewable energy projects, while Louisiana based Lasuca Sugar, a producer of cane sugar, will supply bagasse feedstock. 

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

Related Praj Industries Ltd. Links:

Praj Industries Share Price

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