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Praj Industries Limited

5 articles
Praj Industries is demonstrating robust growth within the renewable energy and biotechnology sectors, highlighted by a 9% year-over-year increase in Q2 net profit to ₹454 million and a significant 41.5% surge in consolidated H1 net profit to ₹348 million. The company's strategic initiatives, including a ₹100 crore joint venture with BPCL to establish Compressed Bio Gas (CBG) plants, underscore its commitment to expanding India's bioenergy infrastructure. While order intake experienced a slight decline, a substantial order backlog of ₹44,550 million provides visibility for future revenue, and the recent approval of E100 ethanol fuel further supports Praj’s position in the biofuels market.