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Praj Industries Ltd. Company History and Annual Growth Details

The company is engaged in the design, manufacture, supply and commissioning of fermentation and distillation equipments for the manufacture of ethanol. The company was promoted by Pramond Chaudhari in 1985. The company's plant is located at Bhosari, Pune (Maharastra). PIL came out with a public issue of Rs.6.20 crore in January 1994. PIL manufactures plate head exchangers in collaboration with REHEAT, Sweden. The company sells its product under the name, 'HIFLUX' and solvent recovery systems under the brand name 'Ecofine'. The company also manufactures pressure fermentation breweries in collaboration with Dab Brav Consult Gmbh, Germany. The company has a market share of 60 per cent and is the market leader in ethanol plant and equipment manufacture. The company, in collaboration with Vogellbusch Gmbh, Austria, introduced cascade continuous fermentation process, for the first time in India. PIL has promoted a subsidiary in Singapore, Praj Far East Pte Ltd, for export of design and engineering services and industrial products to the South East Asian countries. The company plans to expand its manufacturing facilities near Pune.

2004

-Praj Industries bags order worth over $15 mn

-Praj Industries gets nod to delist shares from Pune Stock Exchange Ltd with effect from January 16, 2004.

-Praj Industries Ltd has informed that The Stock Exchange, Ahmedabad, has approved the proposal for delisting of securities of the Company from the Exchange w.e.f. March 31, 2004.

2005

- Company's R&D facility Matrix- the Innovation Center develops 'MashTone' an innovative new bionutrient for the ethanol industry. MashTone is a unique nutrient formulation for alcohol fermentation that improves the fermentation performance resulting in high rate of yeast metabolism, healthy growth and improved yield.

-Praj Industries has given the Bonus in the Ratio of 1:1

-Company has splits its Face value of Shares from Rs 10 to Rs 2

2007

-Praj Industries Ltd has appointed Mr. Daljit Mirchandani as an Additional Director of the Company. He will be Non-Executive and Independent Director on the Board.

- Praj Industries has announced a joint venture with engineering and construction company Aker Kvaerner.

-Praj Industries forms JV with Brazilian Engineering Major for Ethanol Plants

-The Company has issued Bonus Shares in the Ratio of 1:1.

2008

-Praj industries has achieved a breakthrough technology for production of bioethonol from lignocellulosic feedstock which Will address the food vs. fuel issue in terms of creating alternate agri-waste feedstock for ethanol production.

- Praj Industries Ltd has opened its research and development centre, Matrix, at Pirangut in Pune.

-Praj receives contract for another bioethanol plant in Europe. The Company has received a contract for supply of key equipment to Vivergo Fuels, UK.

-Praj technology selected for the largest European Plant for Vivergo Biofuels

2009

-PRAJ Collaborates with Novozymes A/S on Advanced Biofuels

-Praj inaugurated the Cellulosic Ethanol Pilot Plant at Praj Matrix at Urawade.

-Praj entered into Critical Process Equipment Sector

-Praj receives ISO 9001-2008 status.

2010

-Praj ventures into Water & Water Treatment Solutions

-Commissioned bio-ethanol plant for Biowanze, Belgium

2011

-Praj enters into alliance with Qteros for producing lignocelluloses to ethanol packages

-The Company has formed a new wholly owned step subsidiary by name Praj Industries (Tanzania) Ltd. at Dar Es Salaam, Tanzania through its subsidiary Praj Industries (Africa) (Pty) Ltd. in South Africa. This subsidiary has been formed to look after Company's business interest in Tanzania.

-Praj Matrix bagged the 'Green Innovation Award' for Outstanding Research in the field of Green Chemistry & Engineering

-Praj gets OHSAS 18001 certification

2012

-The Company has acquired a majority stake in Neela Systems Limited (Neela) for approximately Rs. 64 crores.

-Praj accelerates 2nd Generation Ethanol Technology Development by launching a Commercial Demo Plant.

-Praj flags off its Industrial Biobased Product facility

-Praj Bags B.G. Deshmukh CSR Award

2013
-Riopaila Castilla SA, Colombia contracts Praj for a large ethanol plant
-Praj honored with ABLE Award
-Pramod Chaudhari receives Maxell Lifetime Achievement Award 2013
-Praj Maha - Intrapreneur 2013 Lifetime Achievement Award for Dr. Raghunath Mashelkar

2014
-Praj embarks on growth through transformation - Unveils new identity
-Praj renames NeelaSystems as Praj HiPurity Systems
-Praj launches the Water Master Class knowledge forum in Chennai
-Praj wins order from Petrobras
-The Registered Office of the Company has been shifted from "Praj House", Bavdhan, Pune-411021 to "Praj Tower", 274 & 275/2, Bhumkar Chowk-Hinjewadi Road, Hinjewadi, Pune - 411057.

2016
-"Praj to be the first Indian technology provider to launch 'Green Fund' for 2G ethanol projects".
- "IndianOil inks MoU with Praj Industries Ltd. for development of 2G Ethanol".
-Praj develops solution for disposing agri waste.
-"Praj partners with leading OMCs to set up 2G Bio-ethanol plants".
-Praj enters into binding agreement with Indian Oil Corporation Limited.

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