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Praj Industries has posted a net profit of Rs 29.15 crore for the quarter ended Dec. 31, 2009 as compared to Rs 47.30 crore for the quarter ended December 31, 2008. , a decline of 38.37%. for the quarter ended December 31, 2008. Total Income has decreased 30.74 per cent to Rs 152.30 crore from Rs 219.90 crore in the quarter ended December 31, 2008

Biofuels technology company Praj Industries Ltd posted a severe dip of 53.10 per cent in net profit to Rs 27.52 crore during the January-March 2009 quarter of the recently-concluded financial year, against a profit of Rs 58.68 crore reported over the same period a year ago. The company managed to post an income of Rs 213.62 crore during the fourth quarter, which reflects a marginal rise of 1.16 per cent over Rs 211.17 on a year-on-year basis, the company said in a filing to the Bombay Stock Exchange (BSE).

The Hindu Business Line recommends a buy on the Praj Industries stock. Praj Industries is in a structural bear market since the lifetime high of Rs 273 recorded in late-2007. This long-term downtrend has, however, lost momentum since October 2008 and the stock is attempting to consolidate sideways since then. The lower end of this consolidation range is around Rs 50 that corresponds with the trough formed in February 2006. A falling wedge pattern, which is a bullish reversal pattern, is also apparent in the daily charts. Investors with a three-month horizon can buy this stock with a stop-loss at Rs 49. The medium-term outlook is encouraging and an up move to Rs 70 levels is possible in this period. Long-term investors can also consider investing in this stock, while retaining the stop-loss at Rs 44. Following a likely sideways consolidation in the range between Rs 55 and Rs 70, the stock has potential to reach Rs 110 over a longer time horizon.

Shareholders with a long-term perspective can continue to hold the stock of Praj Industries, a leading engineering solutions provider to ethanol plants worldwide. The company, whose growth prospects are largely intertwined with the increasing acceptance of ethanol-blended petrol and bio-fuels the world over, stands to benefit immensely from the firm oil price outlook for the medium term. On the global front, while Praj’s already established presence in markets such as North America, Brazil and the EU lends growth potential, back home, the proposed introduction of 10 per cent mandatory blending of ethanol with petrol could help support domestic growth. At the current market price of Rs 186, the stock trades at about 20 times its likely FY-09 per share earnings. While in the last few days, crude oil prices have retreated from record levels, the possibility of its price settling below the comfortable $70 mark over the medium-term appears remote, making a case for staying invested in the s...

(The hindu Business Line 23rd May 2008) Praj Industries appears to be strengthening its presence in the European market. BioCnergy Europa B.V., which is the company’s 60 per cent joint venture with Netherlands-based Aker Kvaerner, has recently won a contract for the supply of key equipment to Vivergo Fuels, a leading supplier of renewable fuels in the UK. T he contract value for Praj has been pegged at about Rs 120 crore. The plant will be designed to produce approximately 400 million litres of fuel ethanol a year from wheat sourced from within the Europe.Gaining presence in EU This order win assumes significance on two counts. For one, it points at the strengthening demand scenario in the bio-ethanol market in the European Union. This inspires some confidence in light of the food against fuel argument gaining ground as in recent times. This order win clearly suggests otherwise, putting to rest apprehensions among investors about weakening demand for Praj’s products in the region. Seco...

Praj Industries Ltd has informed BSE that the Company has received a contract for supply of key equipment to Vivergo Fuels, UK through its subsidiary, BioCnergy Europa B. V. (a Joint Venture with Aker Solutions, Netherlands). The plant is designed to produce approximately 400 million litres of fuel ethanol a year (1,200,000 litres per day). The contract value for Praj is approximately Rs 120 crores (GBP 15 million). This will be the fourth bioethanol plant by Praj in Western Europe.

Praj Industries has reported an impressive set of numbers for the year-ended March 2008. Exceeding market expectations, the company’s net profit has grown by over 77 per cent to Rs 153 crore. This assumes more significance since the growth in profits came more on the back of improved operational efficiencies; revenues grew by only 15 per cent during this period. Expansion in operating margins, increased export contribution and lower tax outgo can be credited for the substantial growth in profits. Growth drivers On a full-year basis, the company has reported a significant expansion in operating margins, by 7 percentage points to about 26 per cent. This was mainly due to the commencement in production from Praj’s Kandla SEZ facility. Besides scaling up capacity, the Kandla facility has also helped Praj bring down its transportation cost. The facility reported an utilisation level of over 60 per cent. In addition to this, the various value engineering initiatives undertaken by the company...

In a major breakthrough in the bio-fuel production business, Pune-based Praj Industries has devised a method to produce ethanol from ligno-cellulosic feedstock like straw, grasses and wood chips. While the use of bio-fuels is under severe criticism for diverting food resources towards ethanol production, Praj Industries has altered the traditional grain-based ethanol production methods using second generation energy crops such as straw, grasses abnd wood chips, said Praj Industries Chairman Pramod Chaudhari on Monday. Praj Industries, involved in non-conventional energy sector, has also designed a new enthanol blend, which is high-energy fuel, to be blended with petrol and diesel. Speaking to reporters after the inauguration of Praj Industries' new reserch and development centre, Chaudhari said, "While environment and social activists are fighting over the food-versus-fuel debate in case of grain-based ethanol production, we have successfully used non-food biomass to produce e...

(The Economic Times) The current market meltdown has drastically reduced the valuations of several companies. However, in quite a few cases, the market has been too harsh on companies which have a promising future. This has created an excellent opportunity for long-term investors. One such company is Praj Industries, which has long been the market’s darling, due to its growth prospects in the ethanol industry. The company has lost over half its market capitalisation in the past two months, without any corresponding change in its fundamentals or future outlook. Given that the company is in an expansion mode and is sitting on a healthy order book, it is expected to post a good performance next year. Long-term investors can consider the stock at current levels. Business : Pune-based Praj Industries is an engineering company and is the market leader in ethanol technology. It provides turnkey project implementation services to set up ethanol distillation units. The company has developed tec...

Praj Industries has announced its third quarter results. Praj Industries Q3 standalone net sales were up at Rs 180.22 crore from Rs 177.87 crore. Its standalone net profit was up at Rs 39.44 crore versus Rs 33.64 crore. Praj Industrie's Order Book atnds at Rs 900 crore (Rs 150 crore of American order is not included). The order book will delivered in 9-12 month. The company has also informed that Company's SEZ facility at Kandla has become operational. The company has also informed that the Board of Directors have decided to pay Interim Dividend of Rs. 1.98 per share (99%) for the financial year 2007-2008.

Joint venture – growth opportunity for Praj (The Hindu Business Line 14th Dec 2007) The formation of a joint venture between Praj Industries and Brazil-based Jaragua Equipamentos Industriais (an engineering, procurement, construction and manufacturing company) appears in line with the management’s strategy to establish presence in the growing ethanol market in Brazil. Praj had earlier this year announced its intention to enter the Brazilian market. This venture, which will provide end-to-end solutions for ethanol production from sugarcane juice, is likely to present a huge growth opportunity for Praj.