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Praj Industries Ltd
Engineering
BSE Code: 522205 NSE Symbol: PRAJIND P/E : 35.72
ISIN Demat: INE074A01025 Div & Yield %: 1.75 EPS : 9.59
Book Value: 74.50 Market Cap (Rs. Cr.): 6,297.44 Face Value : 2
Praj Industries announces strategic partnership with Uhde Inventa-Fischer Back
(29 Apr 2025)

Praj Industries (PIL) and thyssenkrupp Uhde's polymer specialists Uhde Inventa-Fischer (UIF), a subsidiary of the global leader in chemical engineering and construction, announced a strategic partnership to jointly offer an end-to-end integrated technology for the production of Polylactic Acid (PLA). This strategic partnership offers a unique, seamless solution that sets them apart in bioplastics.

The indiscriminate use of fossil-based plastics and the often irresponsible disposal, especially of single-use plastics, call for urgent, innovative, and sustainable solutions. Polylactic acid (PLA), as a sustainable alternative to conventional plastics, holds significant potential in advancing a circular bioeconomy. To meet this global need, PIL and UIF are leveraging their combined expertise in industrial biotechnology and chemical engineering to enhance PLA technology, ensuring an efficient, cost-effective, and sustainable production process.