Praj Industries is actively exploring opportunities across various sectors, including sustainable aviation fuel (SAF), biopolymers, and the energy transition & climate actions (ETCA) space, with plans to triple its revenues by 2030. In a press conference held in Pune, Dr. Pramod Chaudhari, along with his team—Atul Mulay, President of Bioenergy Business, and Ghanshyam Deshpande, President of Technology—discussed potential opportunities and the company’s readiness to capitalize on them.
Dr. Chaudhari highlighted, “The ETCA sector, which has immense global potential and includes areas such as blue and green hydrogen, green ammonia, and waste-to-energy solutions, is expected to drive our growth. On a global scale, energy majors are anticipated to invest nearly INR 25 lakh crore in the clean energy sector by 2030, while the traditional oil and gas market will attract INR 21 lakh crore in new investments over the next decade.”
He also pointed out the growing demand for modularization solutions to establish plants in these sectors. To meet this need, Praj has developed strong engineering capabilities and established a state-of-the-art manufacturing facility in Mangalore, Karnataka, with an investment of around INR 400 crore. Covering 123 acres, the plant has the potential to generate annual revenues of INR 2,000-2,500 crore at full capacity.
Ghanshyam Deshpande shared, “The CORSIA agreement for Sustainable Aviation Fuel (SAF) has opened new opportunities for Praj, with India aiming to achieve a blending target of 1% by 2027 and 2% by 2028. Meanwhile, the EU and USA have set blending targets of 6% and 10%, respectively. India’s first commercial passenger flight, powered by SAF produced from sugarcane molasses, successfully flew from Pune to New Delhi. This milestone was made possible by a collaboration between Air Asia, Praj, and Indian Oil.”
Atul Mulay added, “Praj’s current annual revenues stand at approximately INR 3,400 crore, with a goal of reaching INR 10,000 crore by 2030. Our export share is currently around 29%, and we aim to increase it to 50% by 2030.”
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