BSE-listed Praj Industries, a bio fuels technology and renewable energy firm, on Monday announced its foray into the dairy, poultry and aqua feed market with its livestock health and nutrition (LHN) range of bio-based nutrient products.

“We have set up a manufacturing facility at Jejuri, near Pune with an investment of over Rs 20 crore to produce LHN range of bio-based products for the dairy, poultry and aqua segments,” Vinati Moghe, VP, Praj Industries, told Financial Chronicle. She said the commercial production of these products has already started at the plant without divulging its capacity.

Moghe said the LHN range of products provide solutions to a variety of health and productivity improvement opportunities in the dairy, poultry and aqua segments in a natural way, as specialty feed supplements.

“The market for LHN products is estimated to be at over Rs 10,000 crore in South and South East Asia, and growing at compounded annual growth rate of 10 per cent,” Moghe said, adding that its market size in India is over 15 per cent of that amount (Rs 10,000 crore).

The Rs 880 crore Pune-headquartered firm offers innovative solutions to add significant value to bio-ethanol facilities, brewery plants, water treatment systems, process engineering, plant and equipment, as well as industrial bio-based processes and products for customers worldwide.