Praj Industries shares soar 9% on three-fold revenue growth target by 2030

Praj Industries

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26 Aug, 2025 12:21

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Shares of Praj Industries shot by over 9% in early trade on November 22 after the company said it sees three-fold revenue growth by 2030, driven by rising interest and investments in energy transition initiatives.

Atul Mulay, President, Bioenergy Business said the company will also look to ramp up exports. “The current revenues of Praj are close to Rs 3400 crore annually, and we have a goal to reach Rs 10,000 crore by the year 2030. Currently, share of exports is around 29%; going forward, we are looking at increasing it to 50% by 2030,” Atul Mulay said.

Executive Chairman of Praj Industries, Pramod Chaudhari said energy transition and climate actions (ETCA) sectors have a global potential, which is expected to drive growth. "Globally, the energy majors are likely to invest close to Rs 25 lakh crore in the clean energy sector by 2030, whereas the traditional oil and gas market will continue to attract new investments to the tune of Rs 21 lakh crore in the next 10 years' time on the global front."

Chaudhari said this investment push is likely to lead to significant demand for modularization solutions for setting up plants. Praj Industries said it has developed capabilities in modularization and set up a 123-acre manufacturing facility at Mangalore, Karnataka at an investment of about Rs 400 crore. Pramod Chaudhari said the facility can deliver revenues in the range of Rs 2,000-2,500 crore per year.

Track Praj Industries' September quarter earnings here.

What is Modularisation
A module is an alternative to traditional construction process, where the system is shipped from the fabrication yard and installed at the site. Here, the process system is contained in a frame such that it allows the complete system to be transported.

Praj has also set a target of blending 1% by 2027 and 2% by 2028 to create Sustainable Aviation Fuel (SAF), which is sees as a new opportunity for the company. Globally, EU and USA has pegged the SAF blending target at 6% and 10%, respectively, Ghanshyam Deshpande, President Technology at Praj Industries added.