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PTC India Q2 Net Up To Rs 96 Crore

Updated: December 13, 2014 3:15 pm

Pune-based process solutions company Praj Industries announced that it has won an Rs 235 crore order for oil & gas process skids for Brazilian oil & gas corporation Petrobras. QGIT, the main contractor for the Petrobras project in Brazil, has awarded the order for skids to Praj. In this project, Praj will provide detailed engineering, procurement, manufacturing of skids along with all related equipment. The weight of individual skids ranges from 50 to 150 tons or even some of the units will be large, multi-storied skids. “Praj ethanol business is already established in Latin America for past two decades where it enjoys a significant market share. Our investments into the additional manufacturing facilities at Kandla are bearing fruits. Praj is also getting established as a key player for process equipment & systems in the hydrocarbons sector,” said Pramod Chaudhari, executive chairman, Praj Industries.

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