Praj Industries Latest Update

New International Biorefinery Project in Paraguay: Praj Industries has announced a significant collaboration with Paraguay's Enersur S.A. to develop a fully integrated biorefinery project. This project will produce ethanol, along with co-products such as distillers dried grains with solubles (DDGS), corn oil, biogas, bio-bitumen, and even sustainable aviation fuel (SAF). This agreement, signed during the Paraguayan President's recent visit to India, builds upon an earlier contract for an anhydrous ethanol plant in Paraguay, expected to be operational by October 2026. Q4 FY25 Results and Stock Performance: Praj Industries reported a challenging Q4 FY25 with consolidated profit after tax dropping by 56.7% year-on-year to ₹398 million, the lowest in the past five quarters. Net sales also decreased by 15.6% year-on-year. This disappointing performance led to a sharp fall in the stock price, which has lost about 16% in the last month and 15% in the past year. Strategic Collaborations and Future Outlook: Despite the recent financial setbacks, Praj Industries is actively pursuing strategic partnerships and projects. They have joined forces with Thyssenkrupp Uhde to revolutionize polylactic acid (PLA) production, aiming for an end-to-end offering. Additionally, Praj has signed a term sheet with BPCL for developing 10 Compressed Biogas (CBG) projects under a joint venture and an agreement for a 36 TPD CBG project in South India, which will be one of the largest single-location facilities in the country. The company also maintains a healthy order backlog of ₹42.9 billion as of March 31, 2025. Leadership Transition: Praj Industries appointed Ashish Gaikwad as Managing Director, succeeding Shishir Joshipura, in February 2025.