Ingenio Tabacal, one of the largest sugar and ethanol producers in Argentina has selected Praj Industries for expansion of its alcohol & ethanol plant located in Salta Province.
Tabacal is owned by Seaboard Corporation, USA. Tabacal invited bids from international suppliers for this project. After due evaluation of various technologies from Europe, Brazil etc., Praj was selected based on its solution of lowest energy consumption, experience in the region and execution capability.
For this, 800 cubic meters per day ethanol plant, Praj will employ distillation and molecular sieve dehydration technology, using very low pressure exhaust steam to achieve 50-60 percent steam savings. Praj will also assist Tabacal in modernizing existing alcohol and ethanol production plant to bring the fermentation, distillation and vinasse treatment modules to achieve global benchmarks.
Praj recently commissioned a corn-based ethanol plant for Vicentine SAIC in the Santa Fe province of Argentina. Praj also recently commissioned a 400 cubic meter per day ethanol plant in Colombia for Riopaila Castilla. Praj has a significant market share in the Latin America.
Shares of PRAJ INDUSTRIES LTD. was last trading in BSE at Rs.82.15 as compared to the previous close of Rs. 83.6. The total number of shares traded during the day was 386718 in over 3531 trades.
The stock hit an intraday high of Rs. 85.7 and intraday low of 81.6. The net turnover during the day was Rs. 32395143.