Praj Industries stock jumps 2% after company announces revenue growth plan to Rs 10,000 crore by 2030
Praj Industries shares rose 2% to ₹690.60 after announcing plans to triple revenue to ₹10,000 crore by 2030. The company will focus on sustainable aviation fuel, biopolymers, and green energy solutions, supported by a ₹400 crore facility in Mangalore.
Praj Industries’ shares surged by 2% after the company unveiled plans to triple its revenue to ₹10,000 crore by 2030. The announcement, made at a press conference in Pune, highlighted the company’s focus on emerging sectors like sustainable aviation fuel (SAF), biopolymers, and energy transition and climate actions (ETCA).
Dr. Pramod Chaudhari, Executive Chairman, emphasized the vast growth potential in ETCA, including green hydrogen, green ammonia, and waste-to-energy solutions. He noted that global investments in clean energy are expected to reach ₹25 lakh crore by 2030, presenting immense opportunities.
To support this vision, Praj Industries has inaugurated a cutting-edge manufacturing facility in Mangalore, Karnataka, with a ₹400 crore investment. Spread across 123 acres, the facility aims to generate annual revenues of ₹2,000-2,500 crore at full capacity, catering to the rising demand for modularization solutions in clean energy sectors.
As of 10:22 am, Praj Industries shares were trading 2.24% higher at Rs 690.60 on the NSE.
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