Stock Analyst Choice

Fuelling The Future

The increased demand for alternative fuels like ethanol & bio-diesel will fuel PIL’s growth quotient

Praj Industries Limited (PIL) is a leading manufacturer of ethanol and brewery plants with a domestic market share of 80 per cent and 50 per cent respectively. And with an 8 per cent share of the global markets, PIL is well poised to leverage on the capacity expansion from these segments. PIL was established in 1984 and became a public limited company in 1993. The company is a technology and solution provider for ethanol, brewery and related bio-cycle solutions. The company is involved in the designing, manufacturing, supplying and commissioning of fermentation and distillation equipment for the manufacturing of alcohol and ethanol. At present, PIL is in the process of identifying high yielding seeds to produce ethanol. The company is also looking at new ways to produce ethanol and alcohol through new technology for which it has invested Rs. 31 crore towards the expansion of its R&D facilities. PIL has also commissioned a Greenfield plant at the Kandla SEZ by investing an amount of around Rs. 170 crore. In FY07, the company added two new manufacturing facilities, including a

This article was originally published on July 25, 2008.


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