Multibagger Small-Cap Company Targets Rs 10,000 Crore Revenue by 2030
The company reports annual revenues of approximately Rs 3,400 crore and has set a target to reach Rs 10,000 crore by 2030.
Praj Industries is exploring opportunities in multiple sectors, including sustainable aviation fuel (SAF), biopolymers, and energy transition & climate actions (ETCA), with plans to triple its revenues by 2030.
During a press conference held on Friday, Dr. Pramod Chaudhari, along with his team comprising Atul Mulay, President of Bioenergy Business, and Ghanshyam Deshpande, President of Technology, engaged with the media to discuss emerging opportunities and Praj’s readiness to capitalize on them.
Speaking on the occasion, Dr. Pramod Chaudhari said, “The energy transition & climate actions (ETCA) sector, with its global potential and segments like blue and green hydrogen, green ammonia, and waste-to-energy solutions, is expected to drive growth. Globally, energy majors are projected to invest close to Rs 25 lakh crore in the clean energy sector by 2030. Meanwhile, the traditional oil and gas market will continue to attract new investments of around Rs 21 lakh crore over the next decade.”
To meet this demand, Praj has developed strong engineering capabilities in modularization and established a dedicated advanced manufacturing facility in Mangalore, Karnataka, with an investment of approximately Rs 400 crore. Spread across 123 acres, this plant has the potential to generate revenues in the range of Rs 2,000–2,500 crore annually at optimal capacity, Dr. Chaudhari noted.
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Currently, Praj Industries reports annual revenues of approximately Rs 3,400 crore and has set a target to reach Rs 10,000 crore by 2030. Export contributions, which presently account for 29 per cent of revenues, are expected to increase to 50 per cent by 2030. Reacting to the announcement, the company's stock surged 9.7 per cent during today’s intraday trading session.
About the Company
Praj Industries Limited is a global leader in providing innovative solutions across diverse sectors, including biofuels, biomaterials, energy transition, critical process equipment, high-purity water systems, breweries and beverages, and zero liquid discharge systems. As a pioneering force in India’s bioeconomy, Praj spearheads initiatives such as Bio-Mobility™ and Bio-Prism™, focusing on the development of sustainable, bio-based products.
Disclaimer: The article is for informational purposes only and not investment advice.