Praj Industries to foray into dairy, poultry, aqua segments

Tags: News
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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture