This company is a leading biotechnology and engineering company globally. It offers sustainable solutions in bioenergy, water purification, process equipment, breweries, and wastewater treatment and is now in focus partners with Aemetis and Centuri to implement a $30 million energy efficiency upgrade at the Keyes ethanol facility.
With market capitalization of Rs. 6,488 cr, the shares of Praj Industries Ltd are currently trading at Rs. 352.60 per share, increasing nearly 2% in today’s market session making a high of Rs. 354, from its previous close of Rs. 347.15 per share.
About the project
Praj Industries Limited is supplying an advanced low-carbon solution for a $30 million energy efficiency upgrade at Aemetis’ 65 million gallon-per-year ethanol plant in Keyes, California, involving the integration of a Mechanical Vapor Recompression (MVR) system.
The project is executed by NPL Construction Co. (a Centuri Holdings subsidiary) and supported by 19.7 million dollars in grants and tax credits, is expected to be completed by Q2 2026.
Once operational, it will reduce natural gas usage by 80%, generate an estimated $32 million in annual energy savings, lower the carbon intensity of ethanol production, increase LCFS credits, and expand eligibility for Section 45Z tax credits. This upgrade strengthens plant efficiency, sustainability, and profitability, while supporting California’s clean energy goals and Praj’s role as a global low-carbon technology provider.
About Praj Industries Limited
Praj Industries is India’s most accomplished industrial biotech company, is driven by innovation, integration, and delivery capabilities. Over the past four decades, Praj has focused on the environment, energy, and agri-process industry, with more than 1000 customer references spanning more than 100 countries across six continents. Bio-Mobility and Bio-Prism are the mainstays of Praj’s contribution to the global Bioeconomy.
The company’s financial performance showed a significant decline in Q1FY26 compared to Q4FY25. Operating profit dropped from ₹73.93 crore to ₹31.43 crore, while sales fell from ₹859.68 crore to ₹640.20 crore. Net profit also declined sharply, from ₹39.81 crore to ₹5.34 crore during the same period.
About Aemetis
Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development and commercialization of innovative technologies that replace petroleum products and reduce greenhouse gas emissions.
About Centuri
Centuri Holdings, Inc. is a strategic utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada.
