Praj Industries rises on entering into agreement with ESIIC to accelerate bioeconomy in Egypt
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Praj Industries is currently trading at Rs. 417.90, up by 0.80 points or 0.19% from its previous closing of Rs. 417.10 on the BSE.
The scrip opened at Rs. 417.10 and has touched a high and low of Rs. 421e.00 and Rs. 416.15 respectively. So far 13636 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 461.50 on 11-Oct-2022 and a 52 week low of Rs. 289.05 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 428.80 and Rs. 410.25 respectively. The current market cap of the company is Rs. 7678.96 crore.
The promoters holding in the company stood at 32.82%, while Institutions and Non-Institutions held 27.31% and 39.86% respectively.
Praj Industries has entered into an agreement with Egyptian Sugar and Integrated Industries Company (ESIIC) to accelerate bioeconomy in Egypt. Under this Memorandum of Understanding (MoU), Praj and ESIIC will together set up first and second generation ethanol projects in Egypt. Praj and ESIIC will develop infrastructure, help formulate policy framework, and create awareness among others, to mainstream bioeconomy.
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.
