Latest news with #Paraguay-based
Business Upturn
a day 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
Business Standard
a day ago
- Business
- Business Standard
Stock Alert: JSW Energy, Praj Inds, CEAT, Zaggle Prepaid Ocean Services
Securities in F&O Ban: Manappuram Finance, Aditya Birla Fashion & Retail (ABFRL) and Chambal Fertilisers & Chemicals shares are banned from F&O trading on 6 June 2025. Stocks to Watch: JSW Energy has commissioned 281 MW of organic renewable energy capacity with solar capacity of 215 MW and wind capacity of 66 MW, taking the current installed capacity to 12,499 MW. Praj Industries has signed an agreement with Paraguay-based Enersur to assess, develop, and implement a fully integrated biorefinery project in Paraguay in a phased manner. The biorefinery aims to produce ethanol along with co-products such as distillers dried grains with solubles (DDGS), corn oil, biogas, biobitumen, and sustainable aviation fuel (SAF). CEATs board is scheduled to meet on 10 June 2025, to consider raising funds up to Rs 500 crore through issuance of non- convertible debentures (NCDs) on a private placement basis. Medplus Health Services subsidiary, Optival Health Solutions has received one suspension order for a drug license for store situated at Maharashtra. Zaggle Prepaid Ocean Services has agreed to acquire 100% stake in Greenedge Enterprises for total consideration of Rs 27 crore. The mode of acquisition (cash consideration / shares swap) will be determined by the Board at a later stage. Brigade Enterprises wholly owned subsidiary, Brigade Tetrarch Private has incorporated a limited liability partnership (LLP) named Auraterra Developers LLP, with an initial capital contribution of Rs 99,990. The said LLP will take up development of real estate projects.
