Latest news with #EnersurS.A.
Business Upturn
5 days ago
- Business
- Business Upturn
Praj Industries shares jump over 3% after company collaborates with Enersur S.A. for biorefinery project in Paraguay
By Aman Shukla Published on June 6, 2025, 10:20 IST Praj Industries stock rose over 3% in early trade after the company was selected by Paraguay-based renewable energy firm Enersur S.A. to support a major Biorefinery Project. This marks a significant step in Paraguay's clean energy transition and aligns with its sustainable rural development goals. The project, to be executed in phases, will produce ethanol and multiple co-products such as distillers dried grains with solubles (DDGS), corn oil, biogas, biobitumen, and sustainable aviation fuel (SAF). The agreement was signed in the presence of Paraguay President Santiago Peña Palacios during his State Visit to India (June 2–4, 2025). Praj's involvement follows a prior contract to design, supply, and commission a 600 m³/day Anhydrous Ethanol plant in Canindeyú, Paraguay, using corn as feedstock. The plant is expected to be fully operational by October 2026. Praj will provide technology licensing, engineering, key equipment, and project supervision. This collaboration is expected to create rural jobs and reduce Paraguay's fossil fuel reliance. It also highlights growing India–Paraguay cooperation in renewable energy and agri-tech. Praj Industries is steadily expanding in South America, with over 100 project references across the USA, Brazil, Colombia, Argentina, and Peru. The latest development reinforces its position as a global leader in sustainable bioeconomy solutions. Praj Industries shares opened at ₹495.20 and climbed to an intraday high of ₹508.10, while the low touched ₹493.65. The stock remains significantly below its 52-week high of ₹875.00 but is trading above its 52-week low of ₹443.90. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
5 days ago
- Business
- Time of India
Praj Industries shares in focus on securing bioethanol project in Paraguay
Praj Industries shares: Enersur S.A. has chosen the Indian engineering giant for the execution of a fully integrated BioRefinery Project. Praj Industries shares: Through this strategic partnership, Praj will contribute to the development, evaluation, and step-by-step implementation of the biorefinery, which is designed to produce ethanol along with co-products including distillers dried grains with solubles (DDGS), corn oil, biogas, bio-bitumen, and sustainable aviation fuel (SAF). Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Praj Industries are expected to be in focus on Friday, June 6, following the announcement that Enersur S.A., one of Paraguay's leading renewable energy companies, has selected the Indian engineering major for a fully integrated BioRefinery Project in this strategic partnership, Praj will support the development, assessment, and phased implementation of the biorefinery, which aims to produce ethanol along with co-products such as distillers dried grains with solubles (DDGS), corn oil, biogas, bio-bitumen, and sustainable aviation fuel (SAF).This project builds upon a previous contract awarded to Praj by Enersur to design, supply, and commission a 600 m³/day Anhydrous Ethanol plant in Canindeyú, Paraguay, which uses corn as plant is expected to be fully operational by October 2026 and marks a major milestone in Paraguay's commitment to clean energy and rural responsibilities will include technology licensing, engineering design, core equipment supply, and on-ground supervisory initiative is anticipated to generate significant employment opportunities, driving inclusive economic growth in rural Paraguay while reinforcing the global transition to low-carbon energy.'This partnership goes beyond ethanol—it embodies our shared vision to harness the full potential of bio-based innovations for clean energy, circular economy, and long-term energy resilience across South America,' said Pramod Chaudhari, Founder Chairman of Praj collaboration was formalized during the recent state visit of Paraguayan President Santiago Peña Palacios and a high-level delegation to India from June 2 to 4, 2025.'As the world accelerates its transition to greener energy, this landmark project represents a major step forward for Paraguay while reinforcing Praj's strong and growing presence in South America. With over 100 references across the Americas—including the USA, Brazil, Colombia, Argentina, and Peru —Praj continues to deliver cutting-edge, sustainable bioeconomy solutions across the region,' the company said in an exchange Thursday, the shares of Praj Industries closed nearly 1% lower at Rs 489.75 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Standard
5 days ago
- Business
- Business Standard
Praj Industries to set up bio-refinery project in Paraguay
Enersur S.A., one of Paraguay's foremost renewable energy companies has selected Praj Industries for its next major project. Praj Industries will support the development, assessment, and phased implementation of a fully integrated Biorefinery Project in Paraguay. The Biorefinery aims to produce, in addition to ethanol, co-products such as distillers dried grains with solubles (DDGS), corn oil, biogas, biobitumen and sustainable aviation fuel (SAF). This comes on the back of the contract awarded to Praj by Enersur to design, supply, and commission a state-of-the-art 600 m/day Anhydrous Ethanol plant in Canindey Paraguay. This facility, which will use corn as feedstock, represents a significant step forward in Paraguay's commitment to clean energy and rural development, while also contributing to reduced reliance on fossil fuels. Praj's extensive scope of work includes process technology licensing, full-scale design and engineering, supply of core process equipment, and on ground supervisory support. The plant is expected to be fully operational by October 2026.
