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BSE: 522205 | NSE: PRAJIND | ISIN: INE074A01025 Market Cap: [Rs.Cr.] 943 | Face Value: [Rs.] 2 Industry: EngineeringEnergy equations around the world are changing rapidly, making renewable energy sources a part of every nation's energy policy. Biofuels has been acknowledged as a proven alternative to fossil fuels like petrol (gasoline) and diesel for transportation. Praj has been creating innovative technology platforms to make biofuels a sustainable and attractive choice for all stakeholders for the past 25 years. Apart from making agri-linkages stronger, biofuels work towards mitigation of greenhouse
Praj Industries Limited (PIL), a global Indian company started way back in 8th November of the year 1985 with the objective of providing cutting edge solutions to the Distillery Industry. PIL now spread across 5 continents and 40 countries with over 350 references, which offers innovative solutions to significantly add value in bio-ethanol, bio-diesel and brewery plants and related wastewater treatment systems for customers, worldwide. Praj is a knowledge-based company with expertise and experience in Bioprocesses and engineering. It delivers know how, License, engineering design, plant & equipment, project management, commissioning and customer care and turnkey projects. Beginning of Praj's journey into Agro-based process industry and the first opportunity came from a Sugar Mill in India during the inception period. The Company developed SPRANNIHILATOR, a zero-pollution system for treatment of distillery effluents in the year 1986. The system was subsequently given an award for innovative concept.
In the period of 1987-88, PIL had received Venture Capital from ICICI. In 1991, Praj established an R & D Center. Many new systems had been developed in this R & D Center, resulted into seven patents. Praj's expertise in fermentation and distillation was complemented by its expertise in wastewater treatment solutions. The Company's Sprannihilator System was given an award during the year 1992 by the Government of India, Ministry of Chemicals & Fertilizers. The Company undertook in-house development of Non-molasses (Starch based) technology and engineering for grains and tubers in 1993. In the same year 1993, Praj also introduced Brewery Engineering, Plant & Equipment. Praj went to public in the year 1994 and also the company branched out in the international market with orders from Indonesia and Philippines. Between the periods from 1996-1999, PIL had restructured to focus on its primary lines like ethanol technology and equipment, wastewater treatment and brewery engineering and commissioned several grain based ethanol plants in India. The Company had ventured into South America in the year 2000. An office set up in Bogota, Colombia to reach out to South, Central America and Caribbean and partner customers in the region.
In the identical year of 2000, Praj manufacturing facility awarded the ISO 9002 and the prestigious ASME U & H stamps for pressure vessels and heating boilers, also an energy saving multi-pressure distillation systems, introduced by the company, became an Industry Standard. For production of Fuel grade ethanol in Vapor Phase Molecular Sieve Dehydration plants the company made collaborates in the year 2000-02. PIL's first MSDH plant in India went on stream in May of the year 2002. During the period of 2000-02, the company had entered into East European Market with engineering order for a grain-based plant, launched Multi-feed & Multi-product Ethanol technology for round the year distillery operation and also bagged an order for Multi-feed & multi-product plant in Maharashtra, for Vaidyanath SSK Limited. In the years between 2002-04, after the successful entry in East European Market, PIL made entry in Australian Market with First technology and engineering order for green-field Fuel ethanol production plant. Launched the innovation Center for advanced applied research in the field of ethanol and brewing process under the name of Matrix, developed Sweet Sorghum to Ethanol process, received ICORE award for the leadership in Biofuels and commissioned a unique wastewater treatment plant in Colombia. This technology was developed in-house.
During the year 2005, Praj commissioned two large size ethanol plants in Colombia, exclusive Export Oriented Unit (EOU) of the company was established and the Brewery Manufacturing facility near Pune (Sanaswadi, Unit-2) was acquired. PIL had also acquired worldwide rights for Molecular Sieve based dehydration technology from Delta-T in the same year of 2005. All five large sized ethanol plants of the company in Colombia on stream for commercial production from March 2006 onwards. During the same year 2006, PIL had inked alliance with Meura for High Performance Brewery Mash Filters Praj expands Brewery Business, Skid Mounted Ethanol Plant designed, manufactured and shipped to CSR Australia and also the company had acquired US Engineering Company C.J. Schneider Inc. The Company made a Joint Venture with Aker Kvaerner in the year 2007 and established JV Company under the name of BioCnergy Europa B.B in Netherlands.
PIL's fifth manufacturing facility in Kandla (SEZ), India commissioned for bioethanol and biodiesel manufacturing units. In the same year of 2007, Praj had opened office in Brazil made a footprint in Biodiesel business. The Company conferred Star SME Award 2007' by The Business Standard. Pantaleon Group, Guatemala awarded two large ethanol plant contracts to PIL in May of the year 2008. Out of the two, one for 450,000 LPD (40 MGPY) at Bio Etanol in Guatemala and another for 300,000 LPD (27 MGPY) at Ingenio Monte Rosa, Nicaragua. As at 2008, Praj had awarded a contract by Maple Etanol S.R.L., Peru, a subsidiary of Maple Energy plc, a leading integrated energy company, for a 400,000 litres per day distillery for production of fuel grade ethanol based on clarified cane juice as feedstock. The Company has a vision of expanding in the biofuels technology arena. For biodiesel projects, the company will offer in-house developed turnkey solutions including technology, engineering, plant & equipment and project management services.
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