Praj Industries has completed the process of divesting from its subsidiary Praj Jaragua Bioenergia SA, Brazil. Further the company has made necessary provision for diminution in investment in Praj Jaragua Bioenergia SA, Brazil.
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.
On standalone basis, the company has posted a fall of 22.06% in its net profit at Rs 16.00 crore for the quarter ended September 30, 2012 as compared to Rs 20.53 crore for the same quarter in the previous year. Total income has decreased by 18.06% at Rs 187.55 crore for quarter under review as compared to Rs 228.90 crore for the quarter ended September 30, 2011.
