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Praj Industries moves up on entering into MoU with ARAI to drive green fuel technologies for transportation

30 Jul 2020 Evaluate

Praj Industries is currently trading at Rs. 63.20, up by 0.50 points or 0.80% from its previous closing of Rs. 62.70 on the BSE.

The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 63.45 and Rs. 62.00 respectively. So far 7110 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 129.70 on 16-Jan-2020 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. 65.90 and Rs. 62.00 respectively. The current market cap of the company is Rs. 1158.54 crore.

The promoters holding in the company stood at 32.92%, while Institutions and Non-Institutions held 28.29% and 38.79% respectively.

Praj Industries has entered into a memorandum of understanding (MoU) with Automotive Research Association of India (ARAI) to jointly drive application development of advanced biofuels that will find usage in industry and transportation. Biofuels developed for the mobility sector will have a positive impact on environment by way of reduced carbon footprint and improved tail pipe emissions.

Through this collaboration, Praj and ARAI will jointly address technologies to propagate use of biofuels in variety of applications including usage in internal combustion engines (ICE) in the transportation sector. As a leading player in the global bio economy, Praj brings to the table its expertise of over three decades in developing and deploying biofuel technology solutions through its TEMPO business model.

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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