Praj Industries’ stock soared by 10% after the company unveiled plans to triple its revenue to ₹10,000 crore by 2030. This ambitious target is driven by the company’s strategic focus on emerging sectors such as sustainable aviation fuel (SAF), biopolymers, and energy transition and climate actions (ETCA).
At a press conference in Pune, Dr. Pramod Chaudhari, Executive Chairman, highlighted the vast growth opportunities within ETCA, particularly in green hydrogen, green ammonia, and waste-to-energy solutions. With global clean energy investments expected to reach ₹25 lakh crore by 2030, Praj Industries is well-positioned to tap into this booming market.
The company has also inaugurated a state-of-the-art manufacturing facility in Mangalore, Karnataka, with a ₹400 crore investment. This 123-acre facility is expected to generate annual revenues of ₹2,000-2,500 crore once at full capacity, catering to the growing demand for modular clean energy solutions.
Stock Details Today:
- Open: ₹676.05
- High: ₹741.05
- Low: ₹670.30
As of 10:57 am, Praj Industries shares were trading 9.55% higher at Rs 740.00 on the NSE.
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