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Bioenergy, exports to drive Praj Industries' revenue growth
Mint Mumbai
|December 06, 2023
Praj Industries Ltd's investors find themselves in a sweet spot with its shares rising by almost 67% in the past six months. The company aims to triple its revenue by FY30, it said in an analysts meet.
The management said it has a two-pronged strategy focussing on bio-mobility (decarbonizing transportation with advanced, next-gen, and conventional biofuels) and bio-prism (technologies to produce green chemicals and material). Praj Industries' bioenergy segment, which provides technologies and equipment to ethanol plants and technologies to produce compressed biogas (CBG) and future fuels like sustainable aviation fuel (SAF) will be driving growth. This vertical contributed 79% to its revenues in HIFY24.
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