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Praj Industries Ltd.

BSE: 522205 Sector: Engineering
NSE: PRAJIND ISIN Code: INE074A01025
BSE 00:00 | 03 Apr 57.10 3.25
(6.04%)
OPEN

55.00

HIGH

58.00

LOW

52.60

NSE 00:00 | 03 Apr 57.15 3.30
(6.13%)
OPEN

55.10

HIGH

58.00

LOW

52.50

OPEN 55.00
PREVIOUS CLOSE 53.85
VOLUME 253717
52-Week high 158.30
52-Week low 43.00
P/E 12.66
Mkt Cap.(Rs cr) 1,046
Buy Price 57.00
Buy Qty 105.00
Sell Price 57.10
Sell Qty 1.00
OPEN 55.00
CLOSE 53.85
VOLUME 253717
52-Week high 158.30
52-Week low 43.00
P/E 12.66
Mkt Cap.(Rs cr) 1,046
Buy Price 57.00
Buy Qty 105.00
Sell Price 57.10
Sell Qty 1.00

Praj Industries Ltd. (PRAJIND) - Company History

Praj Industries Limited (PIL) was incorporated on 8th November of the year 1985 with the objective of providing cutting edge solutions to the Distillery Industry. Praj is a knowledge-based company with expertise and experience in Bioprocesses and engineering. It delivers know how license engineering design plant & equipment project management commissioning and customer care and turnkey projects. The company is engaged in the business of process and project engineering. It caters to both domestic and international markets. Further it also provides design and engineering services.Beginning of Praj's journey into agro-based process industry and the first opportunity came from a sugar mill in India during the inception period. The Company developed SPRANNIHILATOR a zero-pollution system for treatment of distillery effluents in the year 1986. The system was subsequently given an award for innovative concept. In the period of 1987-88 PIL had received Venture Capital from ICICI. In 1991 Praj established an R & D Center. Many new systems had been developed in this R & D Center resulted into seven patents. Praj's expertise in fermentation and distillation was complemented by its expertise in wastewater treatment solutions. The Company's Sprannihilator System was given an award during the year 1992 by the Government of India Ministry of Chemicals & Fertilizers. The Company undertook in-house development of Non-molasses (Starch based) technology and engineering for grains and tubers in 1993. In the same year 1993 Praj also introduced Brewery Engineering Plant & Equipment. Praj went to public in the year 1994 and also the company branched out in the international market with orders from Indonesia and Philippines. Between the periods from 1996-1999 PIL had restructured to focus on its primary lines like ethanol technology and equipment wastewater treatment and brewery engineering and commissioned several grain based ethanol plants in India. The Company had ventured into South America in the year 2000. An office set up in Bogota Colombia to reach out to South Central America and Caribbean and partner customers in the region. In the identical year of 2000 Praj manufacturing facility awarded the ISO 9002 and the prestigious ASME U & H stamps for pressure vessels and heating boilers also an energy saving multi-pressure distillation systems introduced by the company became an Industry Standard. For production of Fuel grade ethanol in Vapor Phase Molecular Sieve Dehydration plants the company made collaborates in the year 2000-02. PIL's first MSDH plant in India went on stream in May of the year 2002. During the period of 2000-02 the company had entered into East European Market with engineering order for a grain-based plant launched Multi-feed & Multi-product Ethanol technology for round the year distillery operation and also bagged an order for Multi-feed & multi-product plant in Maharashtra for Vaidyanath SSK Limited. In the years between 2002-04 after the successful entry in East European Market PIL made entry in Australian Market with First technology and engineering order for green-field Fuel ethanol production plant. Launched the innovation Center for advanced applied research in the field of ethanol and brewing process under the name of Matrix developed Sweet Sorghum to Ethanol process received ICORE award for the leadership in Biofuels and commissioned a unique wastewater treatment plant in Colombia. This technology was developed in-house.During the year 2005 Praj commissioned two large size ethanol plants in Colombia exclusive Export Oriented Unit (EOU) of the company was established and the Brewery Manufacturing facility near Pune (Sanaswadi Unit-2) was acquired. PIL had also acquired worldwide rights for Molecular Sieve based dehydration technology from Delta-T in the same year of 2005. All five large sized ethanol plants of the company in Colombia on stream for commercial production from March 2006 onwards. During the same year 2006 PIL had inked alliance with Meura for High Performance Brewery Mash Filters Praj expands Brewery Business Skid Mounted Ethanol Plant designed manufactured and shipped to CSR Australia and also the company had acquired US Engineering Company C.J. Schneider Inc. The Company made a Joint Venture with Aker Kvaerner in the year 2007 and established JV Company under the name of BioCnergy Europa B.B in Netherlands. PIL's fifth manufacturing facility in Kandla (SEZ) India commissioned for bioethanol and biodiesel manufacturing units. In the same year of 2007 Praj had opened office in Brazil made a footprint in Biodiesel business. The Company conferred `Star SME Award 2007' by The Business Standard. Pantaleon Group Guatemala awarded two large ethanol plant contracts to PIL in May of the year 2008. Out of the two one for 450000 LPD (40 MGPY) at Bio Etanol in Guatemala and another for 300000 LPD (27 MGPY) at Ingenio Monte Rosa Nicaragua. As at 2008 Praj had awarded a contract by Maple Etanol S.R.L. Peru a subsidiary of Maple Energy plc a leading integrated energy company for a 400000 litres per day distillery for production of fuel grade ethanol based on clarified cane juice as feedstock. The Company has a vision of expanding in the biofuels technology arena. For biodiesel projects the company will offer in-house developed turnkey solutions including technology engineering plant & equipment and project management services.On 16th of January 2014 the Company changed its identity and adopted a new symbol and logo to represent the expanded business portfolio and diversity of client profile as well as business models and many other changes. Also on 4th April 2014 the Company shifted its Registered Office to Praj Tower S. No.274 & 275/2 Bhumkar Chowk-Hinjewadi Road Hinjewadi Pune - 411 057. The new offices qualify it as a green building.During the fiscal the Company has formed; a wholly owned subsidiary Praj Sur America S.R.L. in Argentina on 24th September 2013; a wholly owned subsidiary Praj Industries (Namibia) Pty. Ltd. in Namibia on 16th October 2013. During the year 2015 the company has divested from BioCnergy Europa B. V. The Netherlands and the subsidiary was closed. Hence it ceased to be the subsidiary of the Company. Apart from the above Pacecon Engineering Projects Ltd. India Praj HiPurity Systems Ltd. India Praj Americas Inc. U.S.A. Praj Far East Co. Ltd. Thailand Praj Industries (Africa) (Pty.) Ltd South Africa Praj Far East Philippines Ltd. Inc. The Philippines Praj Sur America S.R.L. Argentina and Praj Industries (Namibia) Pty. Ltd. Namibia continue to be subsidiaries of the Company.During the year 2016 the Company acquired balance 20% stake in its subsidiary Company viz. Praj HiPurity Systems Limited thus completing 100% acquisition and making Praj HiPurity Systems Limited a Wholly Owned Subsidiary of the Company.During the fiscal year 2017 the Company has divested from Praj Sur America S.R.L. and the subsidiary was closed with effect from 31st August 2016. Hence it ceased to be the subsidiary of the Company.During the fiscal year 2018 in view of project completion the Company has closed down its project specific step down subsidiary by name Praj Industries (Tanzania) Limited with effect from 23rd October 2017. In view of this it ceased to be the step down subsidiary of the Company.