Praj Industries is currently trading at Rs. 819.00, up by 13.20 points or 1.64% from its previous closing of Rs. 805.80 on the BSE.
The scrip opened at Rs. 808.90 and has touched a high and low of Rs. 839.50 and Rs. 804.95 respectively. So far 36420 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 853.30 on 02-Dec-2024 and a 52 week low of Rs. 448.00 on 15-Mar-2024.
Last one week high and low of the scrip stood at Rs. 839.50 and Rs. 779.55 respectively. The current market cap of the company is Rs. 15037.75 crore.
The promoters holding in the company stood at 32.81%, while Institutions and Non-Institutions held 36.37% and 30.83% respectively.
Praj Industries has inaugurated the country’s first sustainable road made using lignin-based biobitumen. This road is at the Nagpur-Mansar Bypass project, NH 44. This eco-friendly technology can partially replace fossil-derived bitumen and is being used to create the country’s first national highway.
Praj’s proprietary technology refines crude lignin into Lignin Bio-Bitumen and has the potential to replace fossil-based bitumen and offer sustainable solutions to the road infrastructure industry. This green construction material, with a blending capacity of up to 15%, offers significant benefits, including a 70% reduction in greenhouse gas (GHG) emissions compared to fossil-based bitumen.
India would require around 15 lakh tons of bio-bitumen to achieve 15% blending with conventional bitumen. Through this investment, India can save Rs 4000-Rs 4,500 crore on foreign exchange, marking a transformative step toward sustainable and eco-friendly road infrastructure.
Praj Industries is a Global leader providing solutions spanning across Biofuels, Biomaterials, Energy Transition & Climate Action, Critical Process Equipment & Modularization, High Purity Water Systems, Brewery & Beverages, and Zero Liquid Discharge Systems.
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