Praj Industries Ltd Share Price – NSE /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

Praj Industries has formed Wholly Owned Subsidiary Company Praj Projects (Tanzania) in Tanzania to look after Company's business interest in Tanzania.

Powered by Capital Market - Live News

Praj Industries is targeting a threefold increase in revenue by 2030, focusing on opportunities in sustainable aviation fuel (SAF), biopolymers, and the energy transition & climate actions (ETCA) sector.

The company expects the ETCA sector, with a global market potential, to be a key growth driver. Praj has invested heavily in modularization solutions to meet the growing demand for clean energy plant setups. The company aims to increase its export share from 29% to 50% by 2030.

Dr. Pramod Chaudhari, chairman of Praj Industries, highlighted the potential of the ETCA sector, with global investments in clean energy expected to reach Rs 25 lakh crore by 2030.

Praj has built a dedicated advanced manufacturing facility in Mangalore for modularization solutions, with an annual revenue potential of Rs 2000-2500 crore.

The company sees opportunities in SAF production, aligning with India's blending targets and the success of its first indigenous SAF flight in collaboration with Air Asia and Indian Oil.

Atul Mulay, president of Bioenergy business at Praj, revealed their goal to reach Rs 10,000 crore in revenue by 2030, from the current Rs 3400 crore. Currently, exports account for 29% of their revenue, with the company aiming to increase this to 50% by 2030.

Praj Industries is a leading industrial biotechnology company focused on sustainable solutions for the environment, energy, and agri-process industries. With a global presence, the company offers technologies for renewable fuels (BioMobility®) and sustainable chemicals and materials (Bio-Prism®).

On a consolidated basis, the company's net profit fell 13.7% to Rs 53.82 crore on 7.5% decline in net sales to Rs 816.19 crore in Q2 September 2024 over Q2 September 2023.

Powered by Capital Market - Live News

Raymond Ltd, Mangalore Refinery And Petrochemicals Ltd, Aarti Pharmalabs Ltd and Shipping Corporation of India Ltd are among the other gainers in the BSE's 'A' group today, 22 November 2024.

Praj Industries Ltd soared 8.15% to Rs 731 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.19 lakh shares were traded on the counter so far as against the average daily volumes of 32384 shares in the past one month.

Raymond Ltd surged 7.29% to Rs 1530.5. The stock was the second biggest gainer in 'A' group. On the BSE, 37283 shares were traded on the counter so far as against the average daily volumes of 16452 shares in the past one month.

Mangalore Refinery And Petrochemicals Ltd spiked 6.79% to Rs 154.9. The stock was the third biggest gainer in 'A' group. On the BSE, 6 lakh shares were traded on the counter so far as against the average daily volumes of 2.38 lakh shares in the past one month.

Aarti Pharmalabs Ltd spurt 6.13% to Rs 655.7. The stock was the fourth biggest gainer in 'A' group. On the BSE, 14956 shares were traded on the counter so far as against the average daily volumes of 11976 shares in the past one month.

Shipping Corporation of India Ltd added 6.13% to Rs 219.05. The stock was the fifth biggest gainer in 'A' group. On the BSE, 4.7 lakh shares were traded on the counter so far as against the average daily volumes of 3.91 lakh shares in the past one month.

Powered by Capital Market - Live News

Net profit of Praj Industries declined 31.20% to Rs 57.88 crore in the quarter ended September 2024 as against Rs 84.13 crore during the previous quarter ended September 2023. Sales declined 10.18% to Rs 703.51 crore in the quarter ended September 2024 as against Rs 783.26 crore during the previous quarter ended September 2023.

Powered by Capital Market - Live News