Praj remains a well-known company engaged in the domestic distillery and brewery installation business. Thus Praj, with its leadership in biofuel technology and with its continuously improving order pipeline, remains in a sweet spot, say analysts. Additionally, the recent government initiative will benefit the bioenergy segment of Praj industries and is expected to gradually improve its order inflows, they add. Praj will continue to get benefit from the upcoming opportunities in biomobility as well as in the bio-CNG. Management is expecting significant traction in the development of bio-CNG projects supported under Sustainable Alternative towards Affordable Transportation (SATAT).

Source: Mint May 12, 2021 07:52 UTC