Praj Industries soars on receiving second repeat order for ZLD application

Praj Industries is currently trading at Rs. 39.20, up by 0.90 points or 2.35% from its previous closing of Rs. 38.30 on the BSE.

The scrip opened at Rs. 38.30 and has touched a high and low of Rs. 39.50 and Rs. 38.10 respectively. So far 23851 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 65.45 on 05-Jul-2012 and a 52 week low of Rs. 34.00 on 22-Mar-2013.

Last one week high and low of the scrip stood at Rs. 40.65 and Rs. 37.70 respectively. The current market cap of the company is Rs. 685.90 crore.

The promoters holding in the company stood at 31.19% while Institutions and Non-Institutions held 15.48% and 53.33% respectively.

Praj bagged an order from Sirupooluvapatti CETP for treatment of 4500 Kilo litres per day of effluent, making it the largest installation. It consists of 3 stage treatment including the ZLD system based on multi effect evaporation, While the first Veerapandi order of 100 kilo litres per day was contracted in fiscal 2011-12, the repeat orders were contracted in end-fiscal 2012-13.

Successful operation of first ZLD system at Veerapandi CETP, Tirupur leads to repeat order for Praj. The Company successfully commissioned a 100 Kilo litre per day ZLD system based on multi effect evaporation technology at Veerapandi, Tirupur. The entire plant was designed, engineered, fabricated and erected by Praj on turnkey basis. The final end products are process condensate and salts which are reusable in the textile dyeing units. The solution treats effluent stream rejects of Reverse Osmosis (RO) plant applying Praj's innovative Evaporation & Crystallization technology. This unique technology is instrumental in solving the groundwater pollution problems arising due to discharge of colorants.

Praj launched its water & wastewater treatment solutions over 3 years ago. Since then, Praj has supplied technology & systems for many a industrial applications including pharmaceuticals, chemicals, agro chemicals, paper, f & b, textiles and other Industrial CETPs including orders from overseas. Praj Industries a global process engineering solutions provider, offers innovative solutions to significantly add value in Water and Waste Water Treatment Plants, Bio-ethanol and Brewery Plants, Critical Process Equipment & Systems, has received their second repeat order for ZLD application from the Common Effluent Treatment Plants (CETPs) based in Tirupur textile belt. The first two orders were from Veerapandi Textile CETP and the third one from Sirupooluvapatti CETP, Tirupur, Tamil Nadu.