Praj industries adds compressed biogas technology to its bio-energy basket

Praj Industries announced ground-breaking of its integrated demo plant of Compressed Biogas (CBG).

Jan 11, 2019 09:01 IST India Infoline News Service

Praj Industries
Praj Industries announced ground-breaking of its integrated demo plant of compressed biogas (CBG). This is on track with the execution of three bio refinery projects on proprietory 2G technology.

The ceremony was held on Wednesday, 9th Jan 2019, at Shreenath Mhaskoba Surgar Factory, adjacent to the existing 2nd Gen Bio-Refinery demo facility that is operational since past three years.

“Praj unveiled its roadmap for commercialization of CBG technology. The infra company also reaffirmed its readiness by way of required infrastructure to execute multiple CBG plants with advanced technology and designs.”

“Praj's demo plant is first of its kind integrated CBG plant in the country. This flexible and highly instrumented plant will test, improve and optimise production of CBG from different feedstock such as biomass, press mud, variety of agri waste, paper mill pith etc.,” mentioned the company in the exchange filing.

Praj Industries Ltd. is a process and project engineering company, headquartered in Pune, Maharashtra, India, with offices in South Africa, North America, Latin America & Caribbean, Thailand, Philippines and UAE.

Praj Industries Ltd is currently trading at Rs154.50 up by Rs16.8 or 12.2% from its previous closing of Rs137.70 on the BSE.

The scrip opened at Rs137.70 and has touched a high and low of Rs161.50 and Rs137.50 respectively. So far 3,74,34,556 (NSE+BSE) shares were traded on the counter.

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