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Praj Industries
BSE: 522205|NSE: PRAJIND|ISIN: INE074A01025|SECTOR: Engineering - Heavy
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Company History - Praj Industries
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  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 
 
Source : Dion Global Solutions Limited
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