Praj Industries bags order to set up sugarcane syrup-based ethanol plant from Godavari Biorefineries

Praj Industries on Monday, April 12, 2021, announced that it has bagged an order to set up India's largest capacity syrup-based ethanol plant from a Godavari Biorefineries Ltd (GBL) in Karnataka.

As a part of this project, Praj will expand the existing ethanol manufacturing capacity to 600 KLPD, using sugarcane syrup. When commissioned, this will become India's largest capacity syrup-based ethanol plant.

Praj in a regulatory filing at BSE said, "The Government of India has made several strategic interventions by way of progressive policies, conducive financial mechanisms, to encourage the sugar sector to limit surplus sugar production and instead, produce more ethanol."

This capacity expansion planned by GBL is in line with the Government's Biofuel policy to increase the Ethanol manufacturing quantity in India using various sugary feedstocks.

The expansion capacity at GBL Plant will continue to be a zero liquid discharge facility. The expansion will maintain zero liquid discharge norms by deploying innovative technology i.e. SHIFT, developed in Praj's state-of-the-art R&D facility - Praj Matrix. The 'SHIFT' technology minimizes energy and water footprint while maximizing value for customers.

Samir Somaiya, CMD, Godavari Biorefineries Limited (GBL) said, "Responding to government's vision of Atmanirbhar Bharat, we decided to divert sugar cane syrup to the distillery to manufacture Ethanol. We are happy for our association with Praj as our technology partner for increasing our manufacturing capacity. Praj will design, engineer, supply, install and increase our capacity from 400 KLPD to 600 KLPD ethanol production using sugar syrup as raw material. We look forward to building on our mutually rewarding relationship with Praj with our new ventures."

Shishir Joshipura, CEO & MD of Praj said, "Praj is delighted to work with an industry leader and to bring its state of the art syrup to ethanol technology, to establish India's largest syrup-based ethanol plant. Praj has over a decade's experience in designing and building syrup to ethanol systems in overseas markets. Our technology delivers best in class yields enhancing the delivered value for our customer."

This is expected to open more similar opportunities in syrup to ethanol manufacturing and ultimately boost ethanol production in the country.

At around 11:58 am, Praj Industries was trading at Rs 191.65 per share down by Rs 11.95 or 5.87 per cent from its previous closing of Rs 203.60 apiece on NSE.