Ethanol Blending To Data Centres: Why Praj Industries Is Seeing 'Green Shoots' Ahead

By NDTV Profit

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Praj Industries Managing Director Ashish Gaikwad discusses the company’s improving order pipeline, margin pressures, compressed biogas opportunity, ethanol-market outlook and its expansion into the fast-growing data-centre segment. Gaikwad says Praj is beginning to see “green shoots,” with its order book rising approximately 33% year-on-year and 25% quarter-on-quarter. Because Praj’s projects generally have a 12–18-month execution cycle, the company expects the impact of recent order wins to begin appearing in revenue during the second half of the year. He also explains why margins have remained under pressure, identifying lower volumes and an unfavourable domestic-versus-international business mix as the two key factors. Praj is now increasing its focus on international markets in an effort to improve the mix and support margins. A major new growth area is Praj GenX’s entry into hyperscale data-centre infrastructure. The company has signed a long-term agreement with a leading EPC p

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