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Praj Inds advances on plans of setting up 2G Cellulosic ethanol plant

08 Aug 2013 Evaluate

Praj Industries is currently trading at Rs. 33.50, up by 0.20 points or 0.60 % from its previous closing of Rs. 33.30 on the BSE.

The scrip opened at Rs. 33.40 and has touched a high and low of Rs. 34.65 and Rs. 33.20 respectively. So far 21155 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 54.50 on 05-Oct-2012 and a 52 week low of Rs. 30.00 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 35.00 and Rs. 30.00 respectively. The current market cap of the company is Rs. 597.17 crore.

The promoters holding in the company stood at 32.46% while Institutions and Non-Institutions held 13.81% and 53.73% respectively.

Praj Industries has emerged as the first company in South Asia to set up an integrated 2nd generation (2G) Cellulosic ethanol plant.

The 2G Cellulosic ethanol demo plant will operate on different variety of biomass with a capacity of 100 dry tones of biomass per day, which includes agriculture wastes such as corn stover, cobs and bagasse. The demo plant will enable the company to consolidate its six years of R&D efforts, starting with laboratory trials to pilot scale trials. The same plant will also enable the company to develop various bio-chemicals and bio-products.

For this project, the company will associate with VAAIL, an existing ethanol producer located in Western Maharashtra and a long term client of Praj. VAAIL will provide the land and allied services for the smooth operation of the project.

Praj Industries is a global Indian company that offers innovative solutions to add significant value to bio-ethanol facilities, alcohol & brewery plants, water & wastewater treatment systems as well as process engineering, plant & equipment for customers worldwide.

Praj Industries Share Price

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