Praj Ind bags order worth Rs 92 cr from US co
Praj Industries Ltd has bagged orders worth over Rs 92 crore ($20 million) from US-based Cilion Group for supplying technology and machinery for two of their plants.
By PTI |
MUMBAI: Pune-based Praj Industries Ltd has bagged orders worth over Rs 92 crore ($20 million) from US-based Cilion Group for supplying technology and machinery for two of their plants.
The plants, with a capacity of over 6 lakh litres per day each are scheduled to go on stream by mid-2007, Praj informed the Stock Exchanges.
Cilion, which is planning to set up a total of eight ethanol plants, selected Praj Industries' technology for additional two plants for which machinery orders are yet to be released.
"With these contracts, Praj is firmly recognized as a major supplier of technology in USA," the company's Chairman Pramod Chaudhari said.
The company manufactures turnkey plants and equipment for fermentation and distillation systems.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
