Praj Industries is currently trading at Rs. 147.75, up by using nine.Ninety points or 7.18% from its previous last of Rs. 137.85 on the BSE.

The scrip opened at Rs. 142.60 and has touched a high and occasional of Rs. 148.Sixty five and Rs. 142.60 respectively. So far 274845 shares have been traded at the counter.

The BSE institution ‘B’ inventory 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. 72.50 on 06-Jul-2018.

Last one week high and occasional of the scrip stood at Rs. 149.00 and Rs. 136.25 respectively. The modern market cap of the business enterprise is Rs. 2684.Ninety two crore.

The promoters maintaining in the organisation stood at 33.01%, at the same time as Institutions and Non-Institutions held 32.77% and 34.22% respectively.

Praj Industries has signed a Construction License Agreement (CLA) with Gevo, Inc, USA dated April four, 2019, to commercialize era for the production of Isobutanol the use of sugary-based feedstocks, including juice, syrup and molasses.

According to the CLA, the employer will provide Engineering Procurement and Construction (EPC) offerings to 3rd events using a procedure layout package developed by Praj. This package uses Gevo’s proprietary Isobutanol biocatalyst on sugary-primarily based feedstock. Isobutanol derived from stated proprietary system is high strength renewable intermediate product that finds software in Aviation and Racing motors.

To that impact, the enterprise additionally signed a Memorandum of Understanding (MoU) with Gevo Inc. To commercialize Gevo’s renewable hydrocarbons merchandise. This includes Gevo’s renewable alcohol-to-jet fuel (ATJ) and renewable isooctane, derived from Gevo’s renewable Isobutanol.