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Praj Industries gains on partnering with Dedini to provide ethanol production technologies

Praj Industries is currently trading at Rs. 107.40, up by 0.25 points or 0.23% from its previous closing of Rs. 107.15 on the BSE.

The scrip opened at Rs. 109.00 and has touched a high and low of Rs. 109.00 and Rs. 105.45 respectively. So far 13996 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 168.00 on 07-Mar-2019 and a 52 week low of Rs. 77.80 on 23-Aug-2018.

Last one week high and low of the scrip stood at Rs. 113.70 and Rs. 101.55 respectively. The current market cap of the company is Rs. 1963.55 crore.

The promoters holding in the company stood at 32.98%, while Institutions and Non-Institutions held 30.75% and 36.27% respectively.

Praj Industries has entered into a Co-operation Agreement with Dedini S/A Industries de Base to provide ethanol production technologies to the Brazilian market. This paves the way for Dedini to market the company’s novel technology solutions to set up ethanol production facilities using grain-based feedstock and modernize existing ethanol plants in Brazil.

The company’s scope includes technology license engineering and supply of critical equipment, whereas Dedini bears responsibility for manufacturing equipment, site supervision, customer assistance and logistics.

Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for biofuels, brewery, industrial processes & water and waste water treatment systems.

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