Praj Industries today posted a marginal rise of 2.34 per cent in its net profit at Rs 25.33 crore for the first quarter ended June 30, 2009, against Rs 24.75 crore in the same period last fiscal.

Total income of the company decreased to Rs 138.03 crore in the quarter under review from Rs 156.79 crore for the same quarter previous year, Praj Industries said in a filing with the Bombay Stock Exchange.

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The shareholders also reappointed Parimal Chaudhari as the director, it said.

The company provides technology and equipment solutions to alcohol and fuel ethanol plants.

Shares of the company closed at Rs 83.05, up 1.65 per cent from the previous close on the BSE.

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