|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.
-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.
- 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 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.