Latest news with #PrajIndustries
Business Standard
01-07-2025
- Business
- Business Standard
Praj Industries MD & CEO Shishir Joshipura resigns
Praj Industries announced that Shishir Joshipura has tendered his resignation from the position of managing director and chief executive officer (CEO) of the company, effective from 30 June 2025. Praj Industries is a globally recognized biotechnology and engineering company offering sustainable solutions across bioenergy, water purification, process equipment, breweries, and wastewater treatment. With a strong focus on environment, energy, and farm-to-fuel technologies, the company is driving innovation in green engineering. 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. Shares of Praj Industries shed 0.39% to Rs 507.10 on the BSE.
Mint
08-06-2025
- Business
- Mint
Stocks to buy for short term: From Praj Industries to Route Mobile— Jigar Patel of Anand Rathi suggests 3 stock picks
Stocks to buy for the short term: A deeper-than-expected 50 bps rate cut drove the Indian stock market benchmark Nifty 50 above the 25,000 mark on Friday, June 6. The index ended the week over a per cent higher, snapping its two-week losing run. According to Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, the Nifty 50 is approaching a critical resistance zone of 25,100–25,300, aligning with key Fibonacci retracement levels. Patel believes this zone may trigger profit booking and poses a risk of negative RSI divergence on the daily chart. "We remain cautious and recommend profit-booking near this zone. A decisive breakout above 25,300 could warrant a re-evaluation of our outlook," said Patel. "On the downside, 24,700 serves as immediate support, while 24,450 remains the make-or-break level for bulls. The coming week's follow-through will determine whether this bounce sustains or fizzles out," Patel said. Jigar Patel recommends buying shares of Route Mobile, Praj Industries and OFSS for the next two to three weeks. In the recent trading session, Route Mobile broke out after nearly a month of consolidation, accompanied by a significant surge in volume, indicating strong accumulation. This consolidation phase is particularly notable because it occurred within the R3–S3 zone of the monthly Camarilla pivots, establishing an inside-value relationship. This setup forms when the current month's pivots are nested within the previous month's range, often signalling a potential breakout with strong directional bias. Adding to the bullish case, the daily RSI has consistently held above the 40 level and is now positioned at 64, reflecting strengthening momentum. "We recommend a buying opportunity in the ₹ 1,000–1,030 zone, with a target price of ₹ 1,150 and a stop loss of ₹ 940 on a daily closing basis," said Patel. Route Mobile stock technical chart Praj Industries has recently completed a bullish dragon pattern, indicating the potential for a strong upward move. Complementing this setup, the monthly Camarilla pivots are displaying a higher overlapping value relationship, and price action has decisively closed above the R3 level—a clear signal of emerging bullish momentum. On the momentum front, the daily RSI has broken out after a prolonged consolidation between the 40–50 zone and now stands near 60, reinforcing the positive bias. "Initiate long positions in the ₹ 500–508 zone, with the target price of ₹ 580 and a stop loss of ₹ 465 on a daily closing basis," said Patel. Praj Industries stock technical chart OFSS has recently formed a solid base in the ₹ 8,300–8,700 range and is now trading firmly above the ₹ 8,700 mark, suggesting growing strength. What stands out technically is the presence of an inside value relationship between the monthly Camarilla R3 and S3 pivots—a structure that often precedes sharp directional moves. Adding to the bullish setup, the daily RSI has consistently held the 50 level, reflecting sustained momentum and the potential for a continued uptrend. "Enter long positions in the ₹ 8,700–8,800 zone, with the target price of ₹ 9,800 and a stop loss of ₹ 8,250 on a daily closing basis," said Patel. OFSS stock technical chart Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Time of India
07-06-2025
- Business
- Time of India
20% ethanol blending achieved after policy changes in 2014, says Fadnavis
1 2 Pune: Chief minister Devendra Fadnavis on Saturday lauded the efforts of Pune-based Praj Industries for its contribution to biofuel generation and said the sector suffered due to the lack of a policy during the UPA-led govt's tenure. It was only after NDA formed govt in 2014 that did India start achieving 20% ethanol blending with petrol that could help save crores of rupees in foreign exchange, he said. "The period from 2009 to 2014 was a struggle not only for Praj Industries but for the entire country. Before that, during Atal Bihari Vajpayee's govt, he formed a committee to study ethanol blending and a decision was made for 5% blending with petrol. However, the subsequent govt failed to implement the decision effectively," he said in Pune. The CM further said whenever the demand to increase the ethanol blending percentage was raised (during the UPA tenure), some people would claim that a developing country like India could not afford it by compromising food security. "The scenario changed after 2014 when the NDA govt, under Prime Minister Narendra Modi's leadership, brought changes in the policy to increase the percentage. The country has achieved 20% ethanol blending due to which India is saving crores of rupees in foreign exchange, which we would have to spend on importing fuel," Fadnavis said at an event organised to release a book written by the founder president of Praj Industries, Pramod Chaudhari.
Business Standard
06-06-2025
- 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
06-06-2025
- 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.
