Praj Industries stock rose over 3% in early trade after the company was selected by Paraguay-based renewable energy firm Enersur S.A. to support a major Biorefinery Project. This marks a significant step in Paraguay’s clean energy transition and aligns with its sustainable rural development goals.
The project, to be executed in phases, will produce ethanol and multiple co-products such as distillers dried grains with solubles (DDGS), corn oil, biogas, biobitumen, and sustainable aviation fuel (SAF). The agreement was signed in the presence of Paraguay President Santiago Peña Palacios during his State Visit to India (June 2–4, 2025).
Praj’s involvement follows a prior contract to design, supply, and commission a 600 m³/day Anhydrous Ethanol plant in Canindeyú, Paraguay, using corn as feedstock. The plant is expected to be fully operational by October 2026. Praj will provide technology licensing, engineering, key equipment, and project supervision.
This collaboration is expected to create rural jobs and reduce Paraguay’s fossil fuel reliance. It also highlights growing India–Paraguay cooperation in renewable energy and agri-tech.
Praj Industries is steadily expanding in South America, with over 100 project references across the USA, Brazil, Colombia, Argentina, and Peru. The latest development reinforces its position as a global leader in sustainable bioeconomy solutions.
Praj Industries shares opened at ₹495.20 and climbed to an intraday high of ₹508.10, while the low touched ₹493.65. The stock remains significantly below its 52-week high of ₹875.00 but is trading above its 52-week low of ₹443.90.
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