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Projects","advait-energy-transitions-manipal-energy-infratech-team-up-for-integrated-energy-projects","Advait Energy Transitions and Manipal Energy Infratech partner to accelerate global energy projects in renewables, BESS, and green hydrogen.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fadvait-energy-transitions-manipal-energy-infratech-team-up-for-integrated-energy-projects-EnSOlA.jpg","2026-08-08T01:45:01+05:30",{"title":26,"slug":27,"excerpt":28,"imageUrl":29,"publishedAt":30,"author":11,"category":12},"ANCA Ushers in New Leadership with Edmund Boland as Group CEO","anca-ushers-in-new-leadership-with-edmund-boland-as-group-ceo","ANCA appoints Edmund Boland as new Group CEO effective August 2026, marking a strategic new chapter in CNC grinding and automation.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fanca-ushers-in-new-leadership-with-edmund-boland-as-group-ceo-LaVelo.png","2026-08-08T01:39:43+05:30",{"title":32,"slug":33,"excerpt":34,"imageUrl":35,"publishedAt":36,"author":11,"category":12},"Schaeffler India Strengthens Leadership with Amit Bhalerao as COO","schaeffler-india-strengthens-leadership-with-amit-bhalerao-as-coo","Schaeffler India appoints Amit Bhalerao as COO to lead manufacturing strategy, digital transformation, and operational excellence.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fschaeffler-india-strengthens-leadership-with-amit-bhalerao-as-coo-s7tsd7.jpg","2026-08-08T01:33:13+05:30",{"title":38,"slug":39,"excerpt":40,"imageUrl":41,"publishedAt":42,"author":11,"category":12},"KAS Group Brings G Sivakumar Onboard to Lead Manufacturing","kas-group-brings-g-sivakumar-onboard-to-lead-manufacturing","KAS Group appoints 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MTPA","tembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa","Tembo Global Industries scales up! Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":74,"slug":75,"excerpt":76,"imageUrl":77,"publishedAt":78,"author":11,"category":12},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. 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Explore their growth, SAF initiatives, and new ventures.","\u003Cp>\u003Cimg style=\"float: left;\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2023\u002Fshutterstock_1297624177.jpg\" alt=\"\" width=\"281\" height=\"188\">Praj Industries Ltd, India’s most accomplished industrial biotechnology company, announced its audited financial results for the quarter and full year ended March 31, 2023. For Q4 FY23 (consolidated), income from operations stood at INR 10,039.845 million (Q4 FY22: INR 8309.643 million; Q3 FY23: INR 9114.647 million), PBT at INR 1,128.133 million (Q4 FY22: INR 780.636 million; Q3 FY23: INR 858.997 million), PAT at INR 881.151 million (Q4 FY22: INR 576.507 million; Q3 FY23: INR 623.113 million), and order intake during the quarter was INR 10,380 million. For FY23 (consolidated), income from operations stood at INR 35,280.378 million (FY22: INR 23,432.744 million), PBT at INR 3,187.249 million (FY22: INR 2,048.772 million), PAT at INR 2,398.182 million (FY22: INR. 1,502.420 million), and the consolidated order backlog as of March 31, 2023, stood at INR 34,140 million (FY22 order backlog at INR 28,780 million).\u003C\u002Fp>\r\n\u003Cp>The Board of Directors proposed a final dividend of INR 4.50 per equity share at 225 percent of the face value of INR 2 per equity share for the financial year ended March 31, 2023, which is subject to the approval of shareholders at the forthcoming Annual General Meeting.\u003C\u002Fp>\r\n\u003Cp>Key Developments\u003C\u002Fp>\r\n\u003Cp>●Praj joined hands with AirAsia India and IOCL to fly the first commercial flight in India powered by a blend of ‘indigenous’ Sustainable Aviation Fuel. The SAF blended in the ATF was produced by Praj using indigenous feedstock leveraging its relationship with Gevo, Inc USA\u003C\u002Fp>\r\n\u003Cp>●IOCL Panipat 2G plant is successfully commissioned and first ethanol is out. Continuous operations and reliability enhancement plan under implementation\u003C\u002Fp>\r\n\u003Cp>●To address the growing opportunity basket from ETCA segment, Praj is setting up a modern manufacturing facility to be housed into a new subsidiary- Praj GenX Limited. The new facility will be set up near a major port with capex of INR 1000 million\u003C\u002Fp>\r\n\u003Cp>●To accelerate commercialization of bioplastics, Praj is setting up a first of its kind demo plant for Polylactic Acid (PLA) at Jejuri in the outskirts of Pune. This pilot facility will be used for scaled production of Food Grade Lactic Acid and Polylactic Acid\u003C\u002Fp>\r\n\u003Cp>●The board has given in principle approval for formation of a joint venture with IOCL for production of a variety of biofuels. Production of Sustainable Aviation Fuel (SAF) is likely to be the first project out of this JV.\u003C\u002Fp>\r\n\u003Cp>●Founder Chairman Dr. Pramod Chaudhari was bestowed with the Eminent Engineer Award by the Engineering Council of India (ECI) in the industry category for his exemplary contributions in the engineering field.\u003C\u002Fp>\r\n\u003Cp>Commenting on the company’s performance, Shishir Joshipura, CEO & MD, Praj Industries, said, “We delivered a healthy and consistent performance throughout FY23 by leveraging our technology edge and strong delivery capabilities. Energy transition and climate action (ETCA) agenda has opened new opportunities for our engineering businesses. Expansion of mobility solutions beyond surface mobility which includes SAF are expanding horizons of opportunity for our business. We are confident of meeting the expectations of all our stakeholders, as we move forward on our sustainable journey.”\u003C\u002Fp>\r\n\r\n\u003Cp>For more information:\u003Cstrong> www.praj.net\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2023\u002F0pRAedkbEUyYT6Axec9e.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FJune2023\u002F0pRAedkbEUyYT6Axec9e.jpg","2023-06-02T04:16:42+05:30",0,"Praj Industries achieved a record-breaking annual revenue of over INR 35,000 million for the 2023 financial year.\nThe company is expanding into bioplastics with a new Polylactic Acid demo plant located near Pune.\nPraj has partnered with IOCL to form a joint venture focused on large-scale biofuel production.","Praj Industries has announced strong financial results for FY23, with revenue crossing the INR 35,000 million milestone. The company's focus on the Energy Transition and Climate Action (ETCA) sector continues to drive significant growth. Key strategic developments include the successful commissioning of the IOCL Panipat 2G ethanol plant, the establishment of a new subsidiary, Praj GenX, and advancements in Sustainable Aviation Fuel (SAF) technology. With a robust order backlog of INR 34,140 million and a strategic JV with IOCL in the pipeline, Praj is well-positioned to lead in the sustainable engineering space. CEO & MD Shishir Joshipura remains confident in the company's delivery capabilities as they scale their mobility and green technology solutions. #PrajIndustries #Sustainability #Biofuels #IndustrialBiotech","Praj Industries reports record-breaking FY23 revenue exceeding INR 35,000 million. From pioneering Sustainable Aviation Fuel to new bioplastic demo plants, the company is accelerating the global energy transition. #PrajIndustries #GreenEnergy","Big news in industrial biotech! 🚀 Praj Industries just smashed their financial goals, hitting over INR 35,000 million in revenue for FY23! 📈 From launching India’s first commercial flight powered by sustainable aviation fuel to building a brand new bioplastics demo plant, they are truly leading the charge in energy transition. 🌍✨ It’s impressive to see how they are scaling sustainable solutions while expanding their engineering footprint with a new subsidiary, Praj GenX. Big things ahead for the team! 👏🌱 #PrajIndustries #Biotech #SustainableAviationFuel #Biofuels #GreenTech #EnergyTransition #EngineeringExcellence",{"title":145,"description":147,"keywords":158},"praj industries, industrial biotechnology, sustainable aviation fuel, fy23 financial results, biofuels, energy transition, bioplastics, engineering news, india manufacturing, ethanol production",{"title":160,"slug":161,"imageUrl":162},"SmartFactory-KL Elects Dr Detlev Richter to the Board; Bids Farewell to Klaus Stark","smartfactory-kl-elects-dr-detlev-richter-to-the-board-bids-farewell-to-klaus-stark","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2023\u002FZhpciQpONK82t3uJAzes.png",{"title":164,"slug":165,"imageUrl":166},"Saint-Gobain, Vibrant Energy Joins Forces for Wind-Solar Power in 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