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Praj Industries Ltd.

BSE: 522205 Sector: Engineering
NSE: PRAJIND ISIN Code: INE074A01025
BSE 00:00 | 02 Dec 382.20 -4.30
(-1.11%)
OPEN

386.55

HIGH

388.65

LOW

379.80

NSE 00:00 | 02 Dec 382.10 -4.10
(-1.06%)
OPEN

388.35

HIGH

389.00

LOW

379.85

OPEN 386.55
PREVIOUS CLOSE 386.50
VOLUME 97981
52-Week high 461.50
52-Week low 289.05
P/E 35.85
Mkt Cap.(Rs cr) 7,021
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 386.55
CLOSE 386.50
VOLUME 97981
52-Week high 461.50
52-Week low 289.05
P/E 35.85
Mkt Cap.(Rs cr) 7,021
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Praj Industries Ltd. (PRAJIND) - Chairman Speech

Company chairman speech

Dear Shareholders

I am privileged to present the 35th Annual Report of your Company for FY2020-21.

I sincerely hope all of you are safe and secured amid resurgence of COVID-19 pandemic.The outbreak of the Covid-19 has caused immense damage to human life and global economy.After severe contraction in last year the global economy had shown promising signs ofreturning to normalcy however second wave of Covid has slowed down the pace of recovery.Indian economy is projected to be at pre covid levels on the back of domestic marketconsumption and positive monsoon forecast.

The world is beginning to appreciate value of environment. Pandemic has shown the valueof putting premium on environment. There has been increasing awareness on reducing energyfootprints Carbon Intensity (CI) reduction and marching towards net zero emissions tocreate sustainable future.

India remains heavily dependent on the imported fossil fuels to meet its growing energyneeds. Consumption of fossil fuel is undoubtedly one of the major causes of GHG emissions.This is adversely impacting environment and raising concerns over ecological balance.Being signatory to COP 21 Paris climate change summit India has obligations to fulfilNationally Determined Contributions (NDC). Industry and the private sector need to joinforces with the government to make this happen.

Your Company is in the business of developing and deploying technology led sustainablesolutions that help conserve the environment. As a build-up to COP 26 Climate Changesummit at Glasgow scheduled in November 2021 Praj looks forward to joining UNFCCC's Raceto Zero global campaign aimed at zero carbon recovery to unlock inclusive and sustainablegrowth.

Transportation sector is identified as the 2nd largest emitters of GHG afterindustry. Praj's pioneering Bio-MobilityTM platform of technology solutionsutilizes biological resources to produce low carbon renewable transportation fuels inliquid as well as gaseous form. While Bio-Mobility™ platform is already helpingreduce GHG emissions in surface transportation there is tremendous growth potentialglobally for deeper penetration. With stringent environmental norms being envisaged in airand water transport Bio-MobilityTM is poised for big strides in aviation andmarine sectors in near future. It may be noted that Bio-Mobility™ platform also helpsaddress brown clouding of cities caused by stubble burning. Agricultural waste postharvesting is used as a feedstock for production of biofuels and as such helps createemployment and entrepreneurship opportunities in the rural areas.

Considering social environmental & economic benefits of ethanol blending program(EBP) the government of India has advanced 20% ethanol blending target by 5 years from2030 to 2025. This is creating visibility of growth in ethanol demand & helping buildindustry structure alongside robust ecosystem across the value chain. This bodes well forPraj as your Company is a market leader in developing & deploying innovativetechnology solutions for sugar as well as starch based ethanol plants.

I am pleased to table major developments your Company achieved during FY 2020-21. As afirst for any Indian company Praj was ranked 2nd in Low Carbon Fuels andRenewable Chemicals category while 3rd in Biodesign & Engineering categoryin a list of world's 50 Hottest companies in global bioeconomy for 2021. Your Company setup India's first of its kind demo plant for production of Compressed Bio gas using varietyof agri-residues as feedstock. Praj successfully commissioned nation's first integratedbioenergy complex in UP that produces bioethanol CBG and other value added products.Strong customer relationships are helping our engineering businesses report robustperformance in uncertain times. Praj HiPurity systems is playing a key role in fightingthe pandemic by partnering with leading pharma companies to scale up vaccine manufacturingcapacity to cope up with high demand.

Your Company has also made inroads into new frontier of bioeconomy namely Bio-PrismTMportfolio of technologies for production of renewable chemicals and materials (RCM). Madefrom renewable feedstock RCMs are green & sustainable alternatives for commodityproducts made from hydrocarbon sources. They help reduce GHG emissions and conserveenvironment. We have identified specific growth industries such as Bio-plastics Cellulose-Lignin refinery products specialty chemicals agri-supplements and bio-industrialproducts.

Praj Matrix R&D centre with over 300 international patents filings continues topursue innovative technology solutions. Our scientists are exploring excitingopportunities in energy transition including Bio Hydrogen.

Praj continues to leverage partnerships with renowned organizations institutionsaround the world in the areas of technology development market expansion projectfinancing strategic sourcing etc.

The future looks even more exciting with the ushering of new wave of industrialrevolution i.e. Industry 5.0 Version 2 that has bioeconomy as its integral part. Thisclearly demonstrates mainstreaming of bioeconomy on global canvas.

We have joined forces with reputed institution in fight against covid to help toaugment existing public health infrastructure & also create new facilities equippedwith ventilators & oxygen supply.

While closing I wish to reiterate that Your Company remains resilient in theseuncertain times staying focused on creating value for our stakeholders. Biofuels are atan inflection point and there is no doubt in my mind that it is an idea whose time hascome. Your Company is in the pole position to capitalize on the unfolding opportunitiesand propel itself into a new growth orbit.

I remain confident of your continued support in realizing company's vision of makingthe world a better place

Thank you for your continued support.

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