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Praj Industries zooms on developing innovative technology to produce Bio-bitumen based on lignin

18 May 2021

Praj Industries is currently trading at Rs. 350.55, up by 20.85 points or 6.32% from its previous closing of Rs. 329.70 on the BSE.

The scrip opened at Rs. 335.75 and has touched a high and low of Rs. 356.80 and Rs. 330.00 respectively. So far 202616 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 356.80 on 18-May-2021 and a 52 week low of Rs. 52.70 on 18-May-2020.

Last one week high and low of the scrip stood at Rs. 356.80 and Rs. 281.90 respectively. The current market cap of the company is Rs. 6427.12 crore.

The promoters holding in the company stood at 32.91%, while Institutions and Non-Institutions held 26.83% and 40.26% respectively.

Praj Industries has achieved yet another milestone by developing innovative technology to produce Bio-bitumen based on lignin. The Netherlands-based Circular Biobased Delta, one of Europe’s premier consortia to promote bioeconomy, has approved the company’s Bio-bitumen samples processed from Purified Lignin, as a part of their flagship CHAPLIN program.

The company has now developed a proprietary process (under patenting) to convert the crude lignin into Bio-bitumen which has potential to replace this fossil based bitumen and offer eco-friendly green bitumen. The binding and viscoelastic property of Bio-bitumen makes it useful for applications in asphalt.

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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SEBI Registered: Investment Adviser - INA000013323