Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Praj strides into the next frontier of Bioeconomy

Posted On: 2020-07-09 02:00:45


Speaking at a plenary session of Advanced Bioeconomy Leadership Conference (ABLC) 2020 Digital that is underway, Dr. Pramod Chaudhari, Executive Chairman, announced Praj's foray into the global Renewable Chemicals and Materials (RCM) industry. ABLC 2020 Digital is an annual gathering of industry stakeholders from across the world to share technological advancements and the latest industry trends.

Praj' strategy has been to expand its business horizons leveraging its innovative, technology solutions in Bioeconomy. As a part of its newly launched Bio-Prism™ portfolio, Praj is developing technologies to produce bio-based Renewable Chemicals and Materials (RCM). RCM produced from bio based feedstocks, are sustainable alternatives to products made from fossil resources.

On the back of a formidable track record of its Bio-Mobility™ platform for renewable transportation fuel globally, Praj is now making inroads into the RCM industry through its newly launched Bio-Prism™ portfolio. This reaffirms Praj's vision of developing and deploying environment friendly and sustainable solutions to make the world a better place.

Praj's Bio-Prism™ portfolio comprises variety of bio-industrial products, including bio plastics as a priority, along with cellulose-lignin refinery products and specialty products. These products have applications in industry sectors such as automotive, packaging, furnishing, construction, agriculture and food. Over a short to medium term, Praj plans to commit substantial resources for technology and application development with its strategic partners.

Speaking on the side-lines of ABLC 2020 Digital, Dr. Pramod Chaudhari, said, "Praj pole-vaults into a league of select companies worldwide that are configuring the RCM landscape, with the launch of the Bio-Prism portfolio. Together with Bio-mobility, Bio-Prism becomes another mainstay of Praj's contribution to the global Bio economy. Over past 3 decades we have developed deep insights and expertise at our R&D facility, Praj Matrix, in processing diverse range of bio-based feedstocks. Our stride in RCM is the result of exclusive work in molecular biology, microbiology, fermentation and chemical synthesis." Depicting RCM project as "Nature Reimagined - The Promise of Sustainability", he further added that Praj is open to exploring newer business models with strategic partners.

To bring this vision into reality, Praj has technical collaborations with renowned global organizations. Praj has already entered into an overarching MoU with National Chemical Laboratory (NCL) for jointly working on promising project opportunities in RCM space. Praj brings to the table its expertise in technology development, process optimization, integration and scale-up. Praj has constituted an expert panel of advisors around the globe to help drawup a strategic blue print and to guide in progression of RCM programme.

To put it into context, the chemical industry worldwide is today estimated at US $ 25 trillion annually. Renewable chemicals have a potential to replace a majority of chemicals that are currently sourced using fossil resources. The RCM industry worldwide is estimated to have reached US $ 65 billion and over a decade, is likely to cross around US $200 billion at a CAGR of 11-12%. The Asian market is presently pegged at around US $ 25 billion.

The Bio-Prism™ portfolio reinforces Praj's leadership as an innovative technology solutions provider for sustainability and conservation of the environment.

Shares of PRAJ INDUSTRIES LTD. was last trading in BSE at Rs.66.85 as compared to the previous close of Rs. 66.4. The total number of shares traded during the day was 242076 in over 1785 trades.

The stock hit an intraday high of Rs. 68.9 and intraday low of 66.5. The net turnover during the day was Rs. 16378663.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Infosys to accelerate Digital Skills and Innovation across Australia and New Zealand via its GovHack 2020 partnership

Wonderla Holidays Ltd. launches 2nd Wonder Kitchen Outlet at Rajarajeshwari Nagar, Bangalore

Parag Milk Food Ltd. introduces a new product to its premium category by launching Pride of Cows Curd

Mindteck Reports Financial Results for Q1 2020-21

Steel Strips Wheels Ltd promoter group release 44132 shares from pledge

Shriram Transport Finance Company Ltd announces Q1FY21 results

The Tata Power Company Ltd allots 49,05,66,037 Equity Shares to Tata Sons

Hero MotoCorp announces Q1FY21 results

Trent Ltd announces Q1 FY21 results

Minda Corporation Ltd Q1 consolidated loss at Rs. 35.40 crore

TATA Steel Ltd Q1 consolidated loss at Rs. 4648.13 crore

TIMKEN India Ltd Q1 PAT slumps to Rs. 3.15 crore

Mindteck India Ltd Q1FY21 consolidated net profit at Rs. 1.67 crore

TNPL reports earnings for Q1FY21

Balkrishna Industries Ltd board declares interim dividend of Rs. 3 for FY21

CARBOGEN AMCIS announces major investments of more than CHF 100 million in Switzerland and France

JSPL becomes first company to supply Head Hardened rails to Metro Rail projects in India

Paisalo Digital Ltd reports Rs. 15.06 crore consolidated PAT in Q1FY21

Hindustan Tin Works Ltd Q1 PAT at Rs. 0.79 crore

Shivalik Rasayan Ltd Q1 consolidated PAT lower at Rs. 2.50 crore

Rossell India Ltd Q1FY21 PAT soars to Rs. 9.12 crore

Shriram Transport Finance Company Ltd Q1FY21 consolidated net profit climbs QoQ to Rs. 319.25 crore

Excel Industries Ltd Q1FY21 consolidated PAT declines to Rs. 8.21 crore

Amines & Plasticizers Ltd Q1 consolidated PAT rises to Rs. 7.61 crore

Ishita Drugs & Industries Ltd posts PAT of Rs. 0.09 crore in Q1

PG Electroplast Ltd Q1FY21 loss widens to Rs. 8.48 crore

Orient Bell Ltd Q1 consolidated loss at Rs. 11.42 crore

Hercules Hoists Q1FY21 profit plunges to Rs. 0.24 crore

I G Petrochemicals posts consolidated PAT of Rs. 2.22 crore in Q1FY21

Endurance Technologies Ltd Q1FY21 consolidated loss at Rs. 24.90 crore

Balkrishna Industries Ltd Q1 consolidated PAT slides to Rs. 131.56 crore

BPCL Q1FY21 consolidated net profit at Rs. 2035.39 crore

AGC Networks completes the acquisition of Pyrios

Eicher Motors Limited announces financial results for the quarter ended June 30, 2020

TCS a Leader and Star Performer in Healthcare Provider Digital Services: Everest Group

GAIL reports Turnover of Rs. 12,060 crore, PAT of Rs. 256 crore in Ql FY21

Ahluwalia Contracts secures new order of Rs. 290 crore

Wipro Limited recognized as the winner of Data Estate Modernization 2020 Microsoft Partner of the Year

SKM Egg Products Export India Ltd board recommends final dividend of Rs. 0.50 for FY20

L&T Construction bags significant contracts from prestigious clients

Shoppers Stop Reported Revenue of Rs.60.7 Crs and EBITDA Loss of Rs. 132.8 Crs in Q1FY21

Goldiam International Ltd receives export orders of Rs. 40 crore in August 2020

Hexaware Recognized by ISG as a Market Leader in the UK & US for SAP Services

Thomas Cook India & SOTC launch Virtual Roadshows across over 50 cities

Zydus Cadila receives final approval from the USFDA for Sevelamer Carbonate Tablets

PREMCO Global Ltd Q1FY21 consolidated net profit at Rs. 0.1976 crore

HIPOLIN Ltd reports net profit of Rs. 0.0183 crore in Q1

Pioneer Embroideries Ltd Q1 loss at Rs. 1.70 crore

India Glycols Ltd Q1FY21 consolidated PAT at Rs. 4.26 crore

Stovec Industries Ltd Q2CY20 loss at Rs. 0.74 crore







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019