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Praj Industries gains on inking pact with Sekab, Sweden to help mitigate climate change

19 May 2020 Evaluate

Praj Industries is currently trading at Rs. 55.30, up by 0.50 points or 0.91% from its previous closing of Rs. 54.80 on the BSE.

The scrip opened at Rs. 55.90 and has touched a high and low of Rs. 56.25 and Rs. 54.45 respectively. So far 5076 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 154.20 on 06-Jun-2019 and a 52 week low of Rs. 43.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 58.15 and Rs. 52.70 respectively. The current market cap of the company is Rs. 1003.72 crore.

The promoters holding in the company stood at 32.95%, while Institutions and Non-Institutions held 28.87% and 38.18% respectively.

Praj Industries and Sekab E-Technology AB, Sweden have signed a cooperation agreement to upgrade and commercialize base technology to produce advanced biofuels and biochemicals from forest residue as feedstock. As a part of this cooperation, the company will add significant value to Sekab's CelluAPP technology of converting forest residue in the form of softwood to ethanol, through Praj’s proven capabilities to improve, optimize, integrate and scale up advanced biofuel technologies globally.

The Praj-Sekab partnership will facilitate CO2 reduction by offering Bio-mobility solutions for the transportation industry in the form of advanced biofuels produced from softwood. Praj’s Bio-Mobility TM platform promotes the use of renewable resources to produce low carbon transportation fuel modes of mobility, namely surface, air and water.

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

Praj Industries Share Price

350.75 1.60 (0.46%)
17-Apr-2026 16:59 View Price Chart
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