Tag: Praj Industries

Indian equity benchmarks hit new milestones on Tuesday, with the Nifty 50 index crossing 20,000 points for the first time and the Sensex reclaiming the 67,000 mark. The gains were broad-based, with all 15 sectors of the Nifty ending in the green. The positive sentiment was driven by a number of factors, including the continued growth of the Indian economy, the rising corporate earnings, and the strong foreign investor inflows.

Praj Industries shares rose 15% on the launch of the Global Biofuel Alliance (GBA). The GBA is a public-private partnership launched by the Government of India to accelerate the transition to sustainable biofuels. Praj Industries is a leading provider of ethanol production technologies and services and has a 60-65% market share in developing ethanol plants in India. The rise in Praj Industries shares is a positive sign for the company and the biofuels industry in India.