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Milestones in the Journey of PRAJ |
1984/85
- Inception of PRAJ. Beginning of PRAJ's journey into Agro-based process industry.
- Ist Opportunity comes from Siddheswar Sahakari Sakhar Karkhana Ltd. (Solapur).
1986
- Praj collaborates with Vogelbusch, Austria for Continuous Fermentation Process in India.
- Praj develops SPRANNIHILATOR, a zero-pollution system for treatment of distillery effluents. The system was subsequently given an award for innovative concept.
1987/88
- Praj, one of the first Companies to receive Venture Capital from ICICI (now ICICI Ventures).
1989/91
- To further its commitment to the Ethanol industry Praj set up an R & D Center dedicated to ethanol production. Recognized by Govt. of India, DSIR, this center is equipped with analytical and instrumental laboratory and fermentation, distillation and effluent treatment pilot plants.
- Praj makes inroads into other states of India..Tamilnadu is first.
1991/93
- On the technical front, Praj undertook in-house development of Non-molasses (Starch based) technology and engineering for grains and tubers in 1993. Whilst in India most alcohol is produced from cane molasses route, Praj realized the importance of grains and tubers in the production of alcohol, a prevalent practice in the west.
- Molasses was decontrolled and the entire industry went through a change phase. Grain based distilleries were being looked upon favorably. A dual route system was developed for cane molasses and grains.
- At the same time, Praj also drew up a plan to diversify into synergistic fields like Brewery Engineering and plate heat exchangers which would make Praj a full Service Company for technology, process equipment and systems for industries it directly served.
1993/95
- Going Public and Listing on the Stock Exchanges in India, which was oversubscribed 7 times.
- Praj also decided to spread its presence in the international market. PRAJ FAR EAST PTE LTD, Singapore was established as a hub for the ASEAN and the Far East.
- The first international order from Indonesia for multi-pressure distillation was contracted. It also incorporated the patented self-cleaning Flubex evaporator for concentration of distillery spent-wash.
- Major order from the Philippines amidst global competition was contracted for multi route plants. Praj continues to score in the South East Asian Markets.
1996/99
- Praj restructures with an aim to streamline the Company's operations and achieve greater focus in its strong technologies.
- Praj increased its focus on its primary lines like ethanol technology and equipment, brewery engineering, fruit processing industry.
- Praj commissions several grain based ethanol plants in India.
1999/00
- Praj ventured into South America in 2000. An office was set up in Bogota, Colombia to reach out to South, Central America and Caribbean and partner customers in the region.
- In the Year 2000, Praj manufacturing facility was awarded the ISO 9002 and the prestigious ASME U & H stamps for pressure vessels and heating boilers.
- Fuel Ethanol, the new driving force in the ethanol industry, has been gaining in its share of motor fuel not only in the Americas where over 60% of fuel ethanol is produced, but also in Australia, Thailand and in India.
- Energy saving multi-pressure distillation systems, introduced by Praj, become an Industry Standard.
- Praj bags technology & engineering orders in South America and the Caribbeans.
2000/02
- Praj ties up with Delta T Corp, USA for Vapor Phase Molecular Sieve Dehydration plants, for production of Fuel grade ethanol.
- The first MSDH plant in India went on stream in May 02.
- Praj enters into East European Market with engineering order for a grain-based plant.
- Praj launches Multi-feed & Multi-product Ethanol technology for round the year distillery operation.
- Application engineering completed for Cane juice and Sugar Beet to ethanol process technology.
- Praj bags an order for Multi-feed & multi-product plant in Maharashtra, for Vaidyanath SSK Limited.
2002/04
- Praj Enters in to Australian Market with First technology and engineering order for green-field Fuel ethanol production plant.
- Launch of PRAJ-Matrix - The Innovation Center for advanced applied research in the field of ethanol and brewing process.
- Praj opens three new offices overseas - Johannesburg, Bangkok and Sharjah.
- Praj commissions South East Asia's first Secondary Juice to Ethanol Plant at Vaidyanath SSK, Pangri, Maharashtra.
- Praj is Gold Sponsor to World Ethanol Conference an Annual worldwide yearly conference in London.(2003).
- Praj participates in the National Planning Commissions Policy on Biofuels.
- Praj develops Sweet Sorghum to Ethanol process.
- Praj helps with 1200-1400 acres of pilot cultivation of Sweet Sorghum in India. Trials completed in Australia also.
- Praj attains leadership in fuel ethanol plants in India with over 70% market share.
- Praj crosses the 1 billion turnover mark.
- Received 6 major orders for fuel ethanol in South/Central America. Establishes lead over Brazilian & European Technology Companies in South America.
- Praj received ICORE award for the leadership in Biofuels.
- Praj's Chairman received Distinguished Alumnus Award from IIT, Mumbai.
- Praj commissions a unique wastewater treatment plant in Colombia. This technology was developed in-house.
- Praj announces 2004-05 as The Year of Innovation.
- Praj is Prime (Platinum) Sponsor to World Ethanol Conference an Annual worldwide yearly conference in London.(2004)
2005
- Praj commissioned two large size ethanol plants in Colombia.
- DSIR honors Praj for exports in in-house R&D based technology.
- Exclusive Export Oriented Unit (EOU) established.
- Brewery Manufacturing facility near Pune (Sanaswadi, Unit-2) acquired.
- Praj acquires worldwide rights for Molecular Sieve based dehydration technology from Delta-T.
- ICRA certified Praj as A1+ category company for short term finance.
- ESOP (Employees Stock Option Plan) declared.
- Praj was the prime (Platinum) sponsor for World Ethanol Event (2005).
- Praj sponsors major ethanol events worldwide.
2006
- All five large sized ethanol plants in Colombia on stream for commercial production from March 2006 onwards.
- Breakthrough in European Market - received contract from British Sugars.
- Breakthrough in US market. Receives two major contracts to install large size ethanol plants.
- Praj was Platinum Sponsor at FO Licht World Ethanol Event, Amsterdam.
- Praj expands R&D Center.
- Venture Capitalist Vinod Khosla and Marubeni Corporation invests in Praj.
- Export Oriented Unit established in Markal near Pune.
- Praj inks alliance with Meura for High Performance Brewery Mash Filters Praj expands Brewery Business.
- Praj Bio-ethanol Technology for Belgium.
- Skid Mounted Ethanol Plant designed, manufactured and shipped to CSR Australia.
- Breakthrough in the USA market.
- Praj Industries and Aker Solutions forge a bio-ethanol alliance in Europe.
2007
- Major orders for PRAJ from USA with breakthrough in Midwest ethanol industry. Praj acquired us Engineering Company (Praj Schneider Inc.)
- Chairman, Praj Industries conferred 'Outstanding Innovation' award by Chemtech Foundation.
- Belgian Bioethanol Plant & Equipment Contract for Praj.
- Praj Industries announces strong results, growth plans; Declares 1:1 Bonus.
- Praj and Aker Solutions JV company established (BioCnergy Europa B.B.) in The Netherlands.
- Praj received orders to install Cassava based plants in Thailand.
- Aker Solutions and Praj win contract for world-scale bioethanol project in the UK.
- 5th Manufacturing facility in Kandla (SEZ), India commissioned for bioethanol and biodiesel manufacturing units.
- Praj received orders to install Cassava based plants in Thailand.
- UKs first plant based on Praj process plant inaugurated.
2008
- Praj sets up JV in Brazil with Jaragua Equipamentos called Praj Jaragua Bioenergia SA.
- Praj technology selected for the largest European Plant for Vivergo Biofuels
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