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.
 
 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.