Date:15/09/2005 URL: http://www.thehindubusinessline.com/2005/09/15/stories/2005091502510200.htm

Back Praj bags contract from Turkey firm

Our Bureau

Pune , Sept. 14

PUNE-BASED Praj Industries Ltd, a player in the bio-fuel segment, has been awarded a contract for a bio-ethanol plant from Konya Seker, Turkey.

The value of the contract is around Rs 36 crore for 2,80,000 litres of bio-ethanol per day, said Mr Pramod Chaudhari, Chairman, Praj Industries, on Wednesday.

Mr Chaudhari said this project is being set up for production of bio-ethanol using sugarbeet molasses/syrup as feedstock. The project is planned to be completed by November 2006. He said Turkey is expected to formally announce its fuel ethanol programme by January 2007. He said with this Praj was paving its way into the European markets, where fuel ethanol programmes mandates were being introduced.