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Praj

From Wikipedia - Reading time: 7 min

PRAJ Industries Limited
Company typePublic
BSE: 522205
NSE: PRAJIND
IndustryManufacturing, Engineering and Service
Founded1983 (1983)
HeadquartersPune, Maharashtra, India
Areas served
Worldwide
Key people
Pramod Chaudhari (Executive Chairman)
ProductsEthanol plant
Brewery Plants
Water & Waste Water Solutions
Process equipment and systems supplier
High Purity solutions
Bioproducts
Research services
RevenueIncrease ₹1,330.41 crore (US$160 million) (2021)
Increase ₹81.05 crore (US$9.7 million) (2021)
Total assetsIncrease ₹1,593.82 crore (US$190 million) (2021)
Total equityIncrease ₹802.51 crore (US$96 million) (2021)
Number of employees
940 (2021)
Websitewww.praj.net

Praj Industries Limited is an Indian multinational process and project engineering company, headquartered in Pune, Maharashtra. The company also has offices in South Africa, North America, Latin America, the Caribbean, Thailand and Philippines. Its manufacturing facilities are at 4 locations – in Sanaswadi, near Pune; Kandla, Port in Gujarat and Wada, Thane District. Praj is a recipient of the DSIR National Award in 2005 for outstanding In-House R&D Achievements.

History

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Praj was formed in 1983. The company went public in 1994 and is listed on the Bombay Stock Exchange and National Stock Exchange of India. Praj received its first Venture Capital from ICICI Bank in 1987.[1] Today it has investors like venture capitalist Vinod Khosla who has a 10% stake[2] and Marubeni Corporation.[3] Praj Foundation was established in 2005 as the CSR wing which is managed by Parimal Chaudhari. In 2021, the company and Indian Oil Corporation signed a memorandum of understanding to explore opportunities in the production of alcohol-to-jet (ATJ) fuels, 1G & 2G ethanol, compressed biogas and other related opportunities in the biofuels sector.[4]

Business divisions

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The company deals with segments like Alcohol / Fuel Ethanol and Brewery Plants, Water and Wastewater Treatment Plants,[5] Critical Process Equipment System, High Purity Systems, BioProducts (Livestock Health and Nutrition Products), and Customised Research Service & Solutions.

Subsidiaries and acquisitions

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The company's acquisitions include – Praj HiPurity Systems Limited (erstwhile Neela Systems Ltd),[6][7] Praj Americas. Inc, Praj Far East Co. Ltd., Praj Industries (Africa) Pty. Ltd., Praj Far East Philippines Ltd. Inc., Praj Industries (Tanzania) Ltd. {subsidiary of Praj Industries (Africa) Pty. Ltd.}, Praj Industries (Sierra Leone) Ltd. (subsidiary of Praj Industries (Africa) Pty Ltd., Praj sur America SRL, Praj Engineering & Infra Ltd.

Awards and recognition

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  • Praj was awarded the National Award for outstanding In-House R&D Achievements by DSIR in 2005.[8]
  • Praj was awarded the "Association of Biotechnology Led Enterprises|ABLE 10th anniversary award" under bio-industrial category for contribution to industrial biotechnology.[9]
  • Praj Tower received ‘Platinum’ LEED Certification from IGBC.[10]
  • Praj Bags B.G. Deshmukh CSR Innovation Award [11]
  • Praj received ‘Solar Energy Society of India (SESI) Business Leadership Award’ at the ICORE 2005[12]
  • Praj was awarded Forbes Best Under A Billion Company in Asia[13]

Initiatives

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Industry innovations

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  1. Launched the ‘Water Master Class’ knowledge forum in Chennai that aims at sharing industry experts’ experience in water & wastewater management and treatment of complex industrial effluents.[14]
  2. Licensing and Joint Development Agreements With Gevo[15][16][17][18]
  3. Develops innovative method to produce Ethanol[19] Matrix, the R&D Center (division of Praj Industries) is based on the foundation of scientific expertise and technology development. Located in Pune (India), Praj Matrix is organized around the 5 major Centers of Excellence. Molecular Biology and Microbiology; Bioprocess Technology Analytical Sciences; Chemical Sciences; and Scale up and Process engineering. It is supported by over 100 technologists including 20 PhDs.[20]
  4. Introduced ‘BioWiz’ Smart Bioreactor.[21]

References

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  1. ^ "Praj Industries Ltd". Edelweiss.
  2. ^ "Vinod Khosla buys 10% stake in Praj Industries". The Times of India. 8 April 2006. Retrieved 8 April 2006.
  3. ^ "Vinod Khosla, Marubeni to buy stake in Praj Inds". Business Standard. Retrieved 11 April 2006.
  4. ^ "Chemical Industry, Chemicals Manufacturers and Exporters in India - IBEF". India Brand Equity Foundation. May 2022. Retrieved 14 June 2022.
  5. ^ "Praj Industries expects water-treatment to be India business growth story". Live Mint. Retrieved 19 February 2014.
  6. ^ "Praj acquires Neela Systems for Rs 64 cr". Business Standard. Retrieved 10 January 2012.
  7. ^ "Praj acquires stake in Neela Systems". Business Wire India. Retrieved 20 May 2016.
  8. ^ "DSIR honors Praj Industries Limited with "National Award"". MoneyControl.
  9. ^ "Praj Honored with ABLE Award". The Free Press Journal. Retrieved 14 March 2013.
  10. ^ http://www.solarquarter.com/index.php/news/asia/india/item/1257-praj-tower-receives-platinum-leed-certification-from-igbc-the-highest-ranking-certificate [dead link‍]
  11. ^ "11 bag MCCIA innovation & entrepreneurship awards". The Indian Express. Retrieved 26 October 2012.
  12. ^ "News Bytes- Praj receives SESI Award". BioSpectrum. Retrieved 10 May 2005.
  13. ^ "Praj gets Forbes Best Under A Billion Company in Asia". MoneyControl. Retrieved 6 December 2007.
  14. ^ "Praj launches the Water Masterclass knowledge forum in Chennai". India Infoline News Service. Retrieved 11 September 2014.
  15. ^ "Gevo Signs Licensing and Joint Development Agreements With Praj" (Press release). Gevo, Inc. GlobeNewswire News Room. 9 November 2015.
  16. ^ "Praj signs licensing and joint development pacts with Gevo". The Hindu Business Line. 9 November 2015. Retrieved 9 November 2015.
  17. ^ Alex Nussbaum (9 November 2015). "Gevo Shares Rise on Biofuel Investment Deal With Praj". Bloomberg.com. Retrieved 9 November 2015.
  18. ^ "Praj Industries in strategic alliance with Gevo for producing renewable isobutanol". Smart Investor, Business Standard.
  19. ^ "Praj develops innovative method to produce ethanol". Business Standard. 10 February 2009. Retrieved 10 February 2009.
  20. ^ "Praj Industries honoured for work in biotech". The Indian Express. Retrieved 27 June 2009.
  21. ^ "Praj HiPurity Systems introduces BioWiz Smart Bioreactor". Financial Express. 23 December 2014.
Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Praj
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