On Monday, Praj Industries declared that it has acquired an order to establish a syrup-based ethanol plant from Godavari Biorefineries in Karnataka.
As a part of this project, Praj will develop the existing ethanol manufacturing capacity of Godavari Biorefineries from 400 KLPD (kilo litre
per day) to 600 KLPD, using sugarcane syrup, Praj Industries said in a regulatory filing.
Praj Industries said, when specially made, this will develop into India's largest capacity syrup-based ethanol plant.
The firm, nevertheless, did not disclose financial details of the order received.
Samir Somaiya, Chairman and Managing Director of Godavari Biorefineries said, “Responding to the government''s vision of Atmanirbhar Bharat, we decided to divert sugar cane syrup to distillery to manufacture Ethanol... Praj will design, engineer, supply, install and increase our capacity from 400 KLPD to 600 KLPD ethanol production using sugar syrup as raw material".
Shares of Praj Industries were trading 4.64 per cent lesser at Rs 194 apiece on BSE.
