Praj Industries Limited has informed the Exchange regarding a press release dated Jun 05, 2025, titled "India s Clean Energy Expertise Fuels South America s Bioeconomy: Praj Industries to collaborate with Enersur S.A. for a Biorefinery Project in Paraguay".
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Praj Industries has signed an agreement with Paraguay-based Enersur S.A. to develop a fully integrated Biorefinery project in Paraguay. The biorefinery will produce ethanol along with co-products including DDGS, corn oil, biogas, biobitumen, and sustainable aviation fuel (SAF). This builds on an earlier contract for a 600 m³/day Anhydrous Ethanol plant in Canindeyú, Paraguay, expected to be operational by October 2026. The agreement was signed in the presence of the President of Paraguay during his State Visit to India (June 2–4, 2025). Praj noted it has over 100 references across the Americas, including the USA, Brazil, Colombia, Argentina, and Peru.
This strengthens Praj's order book and reinforces its growing international footprint in the South American bioeconomy, a positive signal for revenue visibility. The multi-product biorefinery scope also positions Praj to tap into high-growth segments like SAF and bio-based chemicals, potentially supporting long-term margin expansion.