MUMBAI: Praj Industries, a Pune-based solutions provider for ethanol, bio-fuel and brewery technology, will soon foray into agriculture and farming consultancy. The company, which announced its results for the September quarter on Thursday, bagged a contract from an African firm for an ethanol plant based on the farm-to-fuel model.
Shashank Inamdar, managing director, said, “The most heartening thing about the last quarter is that we have won a significant size order for a farm-to-fuel ethanol plant in Africa.”
Through this project, Praj will also venture into agricultural and farming consultancy. Inamdar said that the plant would be based on multiple feedstock. Without disclosing the size of the order, he said it is a part of the current order book and would be executed over the next 12-14 months.
Another important development for Praj is a repeat order for its ‘skid-mounted ethanol dehydration plant’ from CSR, Australia. Inamdar said the fall in crude oil prices have impacted grain prices. “Since grain prices have halved from 8-10 months ago, ethanol plants are again viable in the overseas markets,” hesaid.
