Praj Industries is gearing up to seize opportunities in cutting-edge sectors such as sustainable aviation fuel (SAF), biopolymers, and energy transition and climate action (ETCA).
With ambitious plans to triple its revenues to ₹10,000 crore by 2030, the company is leveraging its innovation-driven approach and robust engineering capabilities to address global challenges.
Driving Innovation to Address Global Energy Needs
Dr. Pramod Chaudhari, Founder-Chairman of Praj Industries Ltd, highlighted the immense potential of the ETCA sector.
He pointed out that areas like blue and green hydrogen, green ammonia, and waste-to-energy solutions hold significant promise.
Dr. Chaudhari stated, “Energy majors worldwide are expected to invest ₹25 lakh crore in the clean energy sector by 2030, while the traditional oil and gas market will see investments of ₹21 lakh crore over the next decade,”.
Advanced Modularisation Facility to Meet Industry Demand
To cater to the growing demand for modularisation solutions in these sectors, Praj has established a state-of-the-art facility. This advanced manufacturing unit is located in Mangalore, Karnataka.
Spread over 123 acres and built with an investment of ₹400 crore, the facility can generate annual revenues of ₹2,000–2,500 crore when operating at optimal capacity.
Chaudhari emphasized the importance of the facility, noting its role in delivering innovative, modular solutions that accelerate project timelines for clients globally.
A Game-Changer
Praj is also at the forefront of the sustainable aviation fuel revolution.
The implementation of the carbon offsetting and reduction scheme for International Aviation (CORSIA) has opened significant opportunities.
India aims for a 1% SAF blend by 2027 and 2% by 2028. This target aligns with international goals, including 6% blending in the EU and 10% in the USA.
“Praj played a pivotal role in India’s first commercial flight powered by SAF produced from sugarcane molasses. “This historic Pune-to-New Delhi flight was made possible through collaboration between AirAsia, Indian Oil, and Praj,” shared Ghanshyam Deshpande. He is the President of Technology.
Strengthening Global Presence and Export Growth
Atul Mulay, President of Bioenergy Business added, “Our current annual revenue stands at ₹3,400 crore. By 2030, we aim to achieve ₹10,000 crore, with exports accounting for 50% of our business, up from the current 29%”.
Sustainable Future
Praj Industries has a clear strategy and a strong commitment to innovation. This positions the company well to capitalize on global opportunities in clean energy and sustainability.
As reported by thehindubusinessline.com, the company is strengthening its manufacturing capabilities. It is also expanding its international footprint, making strides toward achieving its ambitious revenue and environmental goals.
