Praj Industries Limited — Updates, 22-11-2024: Press Release

Praj Industries is targeting a significant growth trajectory, aiming to triple its revenues to INR 10,000 Cr by 2030. The company is exploring opportunities in sectors such as sustainable aviation fuel (SAF), biopolymers, and energy transition, which are set to benefit from substantial global investments in clean energy, estimated at INR 25 Lakh Crore. Praj has enhanced its engineering capabilities for modularization, supported by a new advanced manufacturing facility in Mangalore, which is expected to generate INR 2,000-2,500 Cr annually. The recent successful flight using SAF blends from sugarcane molasses marks a milestone for India's blending targets, and Praj aims to boost its exports from 29% to 50% of revenue by 2030. The outlook remains positive as Praj continues to leverage its expertise in industrial biotechnology for sustainable solutions. Investors should watch closely for these developments as they unfold.