Praj Industries Eyes 3 Times Revenue Growth by 2030, Targets Sustainable Aviation Fuel and Energy Transition Sectors

Praj Industries, a leading industrial biotechnology company in India, is aiming to triple its revenues by 2030. The company is looking at opportunities in sectors such as sustainable aviation fuel (SAF), biopolymers, and the energy transition & climate actions (ETCA) sectors. Praj has developed strong engineering capabilities in modularization and has set up a dedicated advanced manufacturing facility in Karnataka, India, to cater to the growing demand for modularization solutions. The company is also focusing on increasing its export share to 50% by 2030. Praj's recent successful attempt in flying India's first commercial passenger flight powered by indigenously produced SAF from sugarcane molasses marks a significant milestone in the SAF sector.