Praj industries surges on hike in ethanol blending

Praj Industries rose 1.5% after government agreed to raise the level of mandatory blending of ethanol in petrol from 5% to 10%.

Praj Industries rose 1.5% to Rs 72.7 on the BSE on reports that the government has agreed to raise the level of mandatory blending of ethanol in petrol from 5% to 10%. It is seen as a measure for the revival of the sugar industry.

Praj Industries offers innovative solutions to significantly add value in bio-ethanol, alcohol, brewery plants, process equipment and wastewater treatment systems for customers all across the globe.

Shares of Praj Industries opened at Rs 72.10 and touched a high of Rs 74.40 and a low of Rs 72.10 on the BSE.  A total of 765,037  shares were traded on the BSE so far.