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Praj Industries to partner with Enersur SA for Paraguay biorefineryThe agreement was signed during the state visit of Paraguayan President Santiago Peña Palacios to India from June 2-4, 2025. Shares of Praj Industries Ltd ended at ₹489.75, down by ₹4.55, or 0.92%, on the BSE.By Jomy Jos Pullokaran   June 5, 2025, 6:25:05 PM IST (Published)2 Min ReadIndustrial biotechnology company, Praj Industries Ltd, on Thursday (June 5), said it has secured an international assignment from Enersur SA, one of Paraguay’s leading renewable energy companies, to support the development of a fully-integrated biorefinery project in the South American nation.

Under the partnership, Praj will assist in the development, evaluation, and phased execution of a comprehensive biorefinery. The facility will produce ethanol along with a range of co-products, including distillers dried grains with solubles (DDGS), corn oil, biogas, biobitumen, and sustainable aviation fuel (SAF).

The agreement was signed during the state visit of Paraguayan President Santiago Peña Palacios to India from June 2-4, 2025. The signing ceremony took place in the presence of Palacios, who was accompanied by a high-level delegation of ministers, officials, and business leaders.

Also Read: Praj Industries shares fall 6% after Q4 net profit more than halves, revenue declines

This comes on the back of the contract awarded to Praj by Enersur to design, supply, and commission a state-of-the-art 600 m³/day anhydrous ethanol plant in Canindeyú, Paraguay. This facility, which will use corn as feedstock, represents a significant step forward in Paraguay’s commitment to clean energy and rural development, while also contributing to reduced reliance on fossil fuels.

Praj’s extensive scope of work includes process technology licensing, full-scale design and engineering, supply of core process equipment, and on-ground supervisory support. The plant is expected to be fully operational by October 2026.

Shares of Praj Industries Ltd ended at ₹489.75, down by ₹4.55, or 0.92%, on the BSE.

Also Read: Praj Industries sticks to 2030 revenue target of ₹10,000 crore, says CFOContinue Reading(Edited by : Shoma Bhattacharjee)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsPraj Industriesshare market today