# Praj

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{{Short description|Indian process and engineering company}}
{{COI|date=March 2023}}
{{Use dmy dates|date=December 2018}}
{{Use Indian English|date=December 2018}}
{{Infobox company
| name = PRAJ Industries Limited
| logo = Praj industries logo.svg
| type = [Public](/source/Public_Company)
| traded_as = {{BSE|522205}}<br />{{nse|PRAJIND}}
| founded = {{start date|1983}}
| location = [Pune](/source/Pune), [Maharashtra](/source/Maharashtra), [India](/source/India)
| areas_served = Worldwide
| key_people = [Pramod Chaudhari](/source/Pramod_Chaudhari) (Executive Chairman)
| industry = [Manufacturing](/source/Manufacturing), [Engineering](/source/Engineering) and [Service](/source/Tertiary_sector_of_the_economy)
| products = [Ethanol plant](/source/Ethanol_fuel)<br />[Brewery Plants](/source/Brewing)<br />[Water & Waste Water Solutions](/source/Sewage_treatment)<br />Process equipment and systems supplier<br />High Purity solutions<br />[Bioproducts](/source/Bioproducts)<br />Research services
| revenue = {{up}} {{INRConvert|1330.41|c}} (2021)
| net_income = {{up}} {{INRConvert|81.05|c}} (2021)
| assets = {{up}} {{INRConvert|1593.82|c}} (2021)
| equity = {{up}} {{INRConvert|802.51|c}} (2021)
| num_employees = 940 (2021)
| website = {{URL|http://www.praj.net/}}
}}

'''Praj Industries Limited''' is an Indian multinational process and project engineering company, headquartered in [Pune](/source/Pune), [Maharashtra](/source/Maharashtra). The company also has offices in [South Africa](/source/South_Africa), [North America](/source/North_America), [Latin America](/source/Latin_America), the [Caribbean](/source/Caribbean), [Thailand](/source/Thailand) and [Philippines](/source/Philippines). Its manufacturing facilities are at 4 locations – in [Sanaswadi](/source/Sanaswadi), near [Pune](/source/Pune); [Kandla](/source/Kandla), Port in [Gujarat](/source/Gujarat) and Wada, [Thane District](/source/Thane_District). Praj is a recipient of the [DSIR](/source/Department_of_Scientific_and_Industrial_Research_(India)) National Award in 2005 for outstanding In-House R&D Achievements.

==History==
Praj was formed in 1983. The company went public in 1994 and is listed on the [Bombay Stock Exchange](/source/Bombay_Stock_Exchange) and [National Stock Exchange of India](/source/National_Stock_Exchange_of_India). Praj received its first [Venture Capital](/source/Venture_Capital) from [ICICI Bank](/source/ICICI_Bank) in 1987.<ref>{{cite web|url=https://www.edelweiss.in/stocks/Praj-Industries-Ltd/company-history/3458.html|title=Praj Industries Ltd|publisher=Edelweiss}}</ref> Today it has investors like [venture capital](/source/venture_capital)ist [Vinod Khosla](/source/Vinod_Khosla) who has a 10% stake<ref>{{cite news|url=http://timesofindia.indiatimes.com/business/india-business/Vinod-Khosla-buys-10-stake-in-Praj-Industries/articleshow/1482146.cms|title=Vinod Khosla buys 10% stake in Praj Industries| newspaper=The Times of India |date=8 April 2006 | accessdate=8 April 2006}}</ref> and Marubeni Corporation.<ref>{{cite web|url=http://www.business-standard.com/article/companies/vinod-khosla-marubeni-to-buy-stake-in-praj-inds-106041101100_1.html|title=Vinod Khosla, Marubeni to buy stake in Praj Inds|newspaper=Business Standard|accessdate=11 April 2006}}</ref> Praj Foundation was established in 2005 as the CSR wing which is managed by Parimal Chaudhari. In 2021, the company and [Indian Oil Corporation](/source/Indian_Oil_Corporation) signed a memorandum of understanding to explore opportunities in the production of alcohol-to-jet (ATJ) fuels, [1G & 2G ethanol](/source/Ethanol_biofuels), compressed [biogas](/source/biogas) and other related opportunities in the [biofuel](/source/biofuel)s sector.<ref>{{Cite web |date=May 2022 |title=Chemical Industry, Chemicals Manufacturers and Exporters in India - IBEF |url=https://www.ibef.org/industry/chemical-industry-india |access-date=2022-06-14 |website=India Brand Equity Foundation |language=en}}</ref>

==Business divisions==
The company deals with segments like  Alcohol / Fuel Ethanol and Brewery Plants, Water and Wastewater Treatment Plants,<ref>{{cite web|title=Praj Industries expects water-treatment to be India business growth story | url=http://www.livemint.com/Companies/LA4DsE2TkJF9uuEIwIM81J/Praj-Industries-expects-watertreatment-to-be-India-business.html | publisher=Live Mint |accessdate=19 February 2014}}</ref> Critical Process Equipment System, High Purity Systems, BioProducts (Livestock Health and Nutrition Products), and Customised Research Service & Solutions.<ref>{{Cite journal |date=August 2021 |title=A Conversation with Dr. Pramod Chaudhari |url=https://www.liebertpub.com/doi/abs/10.1089/ind.2021.29259.pch |journal=Industrial Biotechnology |volume=17 |issue=4 |pages=185–187 |doi=10.1089/ind.2021.29259.pch |issn=1550-9087|url-access=subscription }}</ref>

==Subsidiaries and acquisitions==
The company's acquisitions include – Praj HiPurity Systems Limited (erstwhile Neela Systems Ltd),<ref>{{cite web|url=http://www.business-standard.com/article/companies/praj-acquires-neela-systems-for-rs-64-cr-112011000059_1.html|title=Praj acquires Neela Systems for Rs 64 cr|newspaper=Business Standard|accessdate=10 January 2012}}</ref><ref>{{cite web|title=Praj acquires stake in Neela Systems|url=http://businesswireindia.com/news/news-details/praj-acquires-stake-neela-systems/29656|publisher=Business Wire India|accessdate=20 May 2016}}</ref> Praj Americas. Inc, Praj Far East Co. Ltd., Praj Industries ([Africa](/source/Africa)) Pty. Ltd., Praj Far East Philippines Ltd. Inc., Praj Industries ([Tanzania](/source/Tanzania)) Ltd. {subsidiary of Praj Industries (Africa) Pty. Ltd.}, Praj Industries ([Sierra Leone](/source/Sierra_Leone)) Ltd. (subsidiary of Praj Industries (Africa) Pty Ltd., Praj sur America SRL, Praj Engineering & Infra Ltd.

==Awards and recognition==
* Praj was awarded the National Award for outstanding In-House R&D Achievements by [DSIR](/source/Department_of_Scientific_and_Industrial_Research_(India)) in 2005.<ref>{{cite web|title=DSIR honors Praj Industries Limited with "National Award" |url=http://www.moneycontrol.com/news/business/dsir-honors-praj-industries-limitednational-award_191400.html | publisher=MoneyControl}}</ref>
* Praj was awarded the "Association of Biotechnology Led Enterprises|ABLE 10th anniversary award" under bio-industrial category for contribution to industrial biotechnology.<ref>{{cite web|url=http://www.freepressjournal.in/praj-honored-with-able-award/159892|title=Praj Honored with ABLE Award|newspaper=The Free Press Journal |accessdate=14 March 2013}}</ref> 
* Praj Tower received ‘Platinum’ LEED Certification from IGBC.<ref>http://www.solarquarter.com/index.php/news/asia/india/item/1257-praj-tower-receives-platinum-leed-certification-from-igbc-the-highest-ranking-certificate {{Dead link|date=February 2022}}</ref>
* Praj Bags B.G. Deshmukh CSR Innovation Award <ref>{{cite web|url=http://archive.indianexpress.com/news/11-bag-mccia-innovation---entrepreneurship-awards/1022168|title=11 bag MCCIA innovation & entrepreneurship awards|newspaper=The Indian Express |accessdate=26 October 2012}}</ref>
* Praj received ‘Solar Energy Society of India (SESI) Business Leadership Award’ at the ICORE 2005<ref>{{cite web|url=http://www.biospectrumindia.com/biospecindia/news/158475/news-bytes-suppliers|title=News Bytes- Praj receives SESI Award |publisher=BioSpectrum |accessdate=10 May 2005}}</ref>
* Praj was awarded ''Forbes Best Under A Billion Company in [Asia](/source/Asia)''<ref>{{cite web|url=http://m.moneycontrol.com/news/business/praj-gets-forbes-best-under-a-billion-companyasia_316259.html|title=Praj gets Forbes Best Under A Billion Company in Asia|publisher=MoneyControl|accessdate=6 December 2007}}</ref>

==Initiatives==

===Industry innovations===
# Launched the ‘Water Master Class’ knowledge forum in [Chennai](/source/Chennai) that aims at sharing industry experts’ experience in water & wastewater management and treatment of complex industrial effluents.<ref>{{cite web|url=http://www.indiainfoline.com/article/news-sector-breweries/praj-launches-the-water-masterclass-knowledge-forum-in-chennai-114091100118_1.html|title=Praj launches the Water Masterclass knowledge forum in Chennai|publisher=India Infoline News Service |accessdate=11 September 2014}}</ref>
# Licensing and Joint Development Agreements With Gevo<ref>{{cite press release|url=https://globenewswire.com/news-release/2015/11/09/785206/0/en/Gevo-Signs-Licensing-and-Joint-Development-Agreements-With-Praj.html|title=Gevo Signs Licensing and Joint Development Agreements With Praj |date=9 November 2015 |publisher=Gevo, Inc. GlobeNewswire News Room}}</ref><ref>{{cite web|url=http://www.thehindubusinessline.com/companies/praj-signs-licensing-and-joint-development-pacts-with-gevo/article7861937.ece|title=Praj signs licensing and joint development pacts with Gevo |date=9 November 2015 |publisher=The Hindu Business Line |accessdate=9 November 2015}}</ref><ref>{{cite news|url=https://www.bloomberg.com/news/articles/2015-11-09/gevo-shares-jump-on-biofuel-investment-deal-with-india-s-praj|title=Gevo Shares Rise on Biofuel Investment Deal With Praj|author=Alex Nussbaum |work=Bloomberg.com |date=9 November 2015 |accessdate=9 November 2015}}</ref><ref>{{cite web|url=http://smartinvestor.business-standard.com/company/cNews-cnewsdet-302622-3458-Praj_Industries_in_strategic_alliance_with_Gevo_for_producing_renewable_isobutanol-Praj_Industries_Ltd.htm#.VpzQqZp97IU|title=Praj Industries in strategic alliance with Gevo for producing renewable isobutanol |publisher=Smart Investor, Business Standard}}</ref>
# Develops innovative method to produce Ethanol<ref>{{cite web|url=http://www.business-standard.com/article/companies/praj-develops-innovative-method-to-produce-ethanol-109021000157_1.html|title=Praj develops innovative method to produce ethanol|date=10 February 2009 |publisher=Business Standard |accessdate=10 February 2009}}</ref> Matrix, the R&D Center (division of Praj Industries) is based on the foundation of scientific expertise and technology development. Located in [Pune](/source/Pune) ([India](/source/India)), Praj Matrix is organized around the 5 major Centers of Excellence. [Molecular Biology](/source/Molecular_Biology) and [Microbiology](/source/Microbiology); Bioprocess Technology Analytical Sciences; [Chemical Sciences](/source/Chemistry); and Scale up and [Process engineering](/source/Process_engineering). It is supported by over 100 technologists including 20 PhDs.<ref>{{cite web|url=http://archive.indianexpress.com/news/praj-industries-honoured-for-work-in-biotech/482017/|title=Praj Industries honoured for work in biotech |publisher=The Indian Express |accessdate=27 June 2009}}</ref>
# Introduced ‘BioWiz’ Smart Bioreactor.<ref>{{cite web|url=http://www.financialexpress.com/article/pharma/pharma-ally/praj-hipurity-systems-introduces-biowiz-smart-bioreactor/22401/|title=Praj HiPurity Systems introduces BioWiz Smart Bioreactor
|publisher=Financial Express|date=23 December 2014}}</ref>

==References==
{{Reflist}}

{{Authority control}}

Category:Manufacturing companies based in Pune
Category:Manufacturing companies established in 1983
Category:Engineering companies of India
Category:1983 establishments in Maharashtra
Category:Indian companies established in 1983
Category:Companies listed on the National Stock Exchange of India
Category:Companies listed on the Bombay Stock Exchange

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Adapted from the Wikipedia article [Praj](https://en.wikipedia.org/wiki/Praj) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Praj?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.