Praj Industries incorporates step down subsidiary in Sierra Leone

Praj Industries has formed a new wholly owned step subsidiary by name Praj Industries (Sierra Leone) at Freetown, Sierra Leone through its subsidiary Praj Industries (Africa) in South Africa. This subsidiary has been formed to look after company's business interest in Sierra Leone.

Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for bio-fuels, brewery, industrial processes and water and wastewater treatment systems.

The company’s net profit for the second quarter zoomed by 130.93% at Rs 20.53 crore as compared to Rs 8.89 crore for the quarter ended September 30, 2010. Its net sales has increased by 111.61% to Rs 228.90 crore for the quarter under review from Rs 108.17 crore for the similar quarter of the previous year.