Latest news with #Praj
Business Standard
a day ago
- Business
- Business Standard
Praj Industries gains on securing biorefinery project in Paraguay
Praj Industries rose 2.50% to Rs 502 after the company secured an international assignment from Enersur SA, one of Paraguay's leading renewable energy firms, to develop a fully integrated biorefinery project in the South American nation. Under this strategic partnership, Praj will support the development, evaluation, and phased implementation of the biorefinery, which aims to produce ethanol alongside co-products such as distillers dried grains with solubles (DDGS), corn oil, biogas, bio-bitumen, and sustainable aviation fuel (SAF). This project builds on an earlier contract awarded to Praj by Enersur for a 600 m/day corn-based anhydrous ethanol plant in Canindey Paraguay, expected to be operational by October 2026. Prajs responsibilities include technology licensing, engineering design, core equipment supply, and on-the-ground supervision. The initiative is expected to create significant employment opportunities, foster rural development, and support the global transition to low-carbon energy. Pramod Chaudhari, Founder Chairman of Praj Industries, said, This partnership goes beyond ethanolit 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. Praj is an industrial biotechnology company focused on the environment, energy, and agri-process industry, with 1000++ customer references spanning 100+ countries across all 6 continents. The company's consolidated net profit fell 56.7% to Rs 39.80 crore on a 15.6% decrease in operational income to Rs 859.70 crore in Q4 FY25 over Q4 FY24.
The Wire
a day ago
- Business
- The Wire
India's Clean Energy Expertise Fuels South America's Bioeconomy: Praj Industries to Collaborate with Enersur S.A. For a Biorefinery Project in Paraguay
Pune, Maharashtra, India – Business Wire India Enersur S.A., one of Paraguay's foremost renewable energy companies has selected Praj Industries for its next major project. Praj, a global leader in bioeconomy-driven process solutions, 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). The two companies signed the agreement to this effect in the august presence of Mr. Santiago Peña Palacios, President of the Republic of Paraguay. The President, accompanied by a high-level delegation of ministers, senior officials, and business leaders, was on a State Visit to India from June 2 to 4, 2025. During the visit, the delegation recognized and appreciated India's advancements in indigenous technology and Praj's contribution to strengthen Paraguay's Bioeconomy sector. This comes on the back of the contract awarded to Praj by Enersur to design, supply, and commission a state-of-the-art 600 m³/day Anhydrous Ethanol plant in Canindeyú, 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. This initiative by Enersur is poised to create substantial direct and indirect employment, thereby promoting economic growth in rural Paraguay. It is a strong example of how renewable energy projects can power inclusive development while reducing carbon emissions. 'We are proud to collaborate with Enersur in shaping Paraguay's bioenergy landscape and accelerating the transition towards a sustainable bioeconomy,' said Dr. Pramod Chaudhari, Founder Chairman of Praj Industries. '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.' 'We chose Praj as our partner because of their proven expertise, cutting-edge technology, and extensive experience in delivering large-scale bioenergy projects globally,' commented Mr. Omar Bustos, President Enersur S.A. 'Their strong track record in South America and commitment to sustainability perfectly align with our vision to develop Paraguay's bioeconomy and drive long-term rural and economic development through this landmark project.' Prime Minister Narendra Modi met with Paraguayan President Santiago Peña in New Delhi, where the two leaders discussed expanding cooperation in key sectors. PM Modi emphasized India's readiness to work with Paraguay on enhancing agricultural productivity through advanced techniques and biotechnology, and emphasized the shared commitment to advancing renewable energy partnerships. 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. In the photo, at the center : Mr. Santiago Peña Palacios, President of the Republic of Paraguay, flanked (from left) by Mr. Omar Bustos, President of Enersur S.A.; Mr. Ashish Gaikwad, MD–Designate, Praj Industries; Mr. Javier Giménez, Minister of Industry and Commerce of Paraguay; and Mr. Shishir Joshipura, CEO & MD, Praj Industries. About Praj Industries Limited Praj, India's most accomplished industrial biotech company, is driven by innovation, integration, and delivery capabilities. Over the past four decades, Praj has focused on environment, energy, and agri‐process industry, with more than 1000 customer references spanning more than 100 countries across six continents. Bio‐Mobility® and Bio‐Prism® are the mainstays of Praj's contribution to the global Bioeconomy. The Bio‐Mobility® platform offers technology solutions globally to produce the renewable transportation fuel, thus ensuring sustainable decarbonization through a circular bioeconomy. The Company's Bio‐Prism® portfolio comprises technologies to produce renewable chemicals and materials, promises sustainability while reimagining nature. Praj Matrix, the state‐of‐the‐art R&D facility, forms the backbone for the company's endeavours towards a clean energy‐based Bioeconomy. Praj's diverse portfolio comprises Bio‐energy solutions, Critical process equipment & skids, Breweries, Zero liquid discharge systems and High purity water systems. Led by accomplished and caring leadership, Praj is a socially responsible corporate citizen. Praj is listed on the Bombay and National Stock Exchanges of India. Website: To View the Image, Click on the Link Below: Praj Industries and Enersur SA representatives along with Mr. Santiago Peña Palacios, President of the Republic of Paraguay (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
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
Economic Times
a day ago
- Business
- Economic Times
Praj Industries shares in focus on securing bioethanol project in Paraguay
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel 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)
Time of India
a day 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)
