Dear Shareholders,
I am privileged to present the 39th Annual Report of Your Company for
FY 2024 25.
We are witnessing a global reset. As the world navigates climate
challenges, resource pressures, and rising expectations for responsible business
practices, forward-looking companies must act with clarity, conviction, and speed. The
decisions we make today will shape the industries of tomorrow.
At Praj, we are guided by a bold and actionable 2030 Vision that
positions Your Company at the forefront of industrial transformation and clean energy
innovation.
This vision is built on execution. Through our strategic platforms-
Bio-Mobility?, Bio-Prism?, and Energy Transition & Climate Action (ETCA)- we are
driving meaningful progress across key economic sectors, creating tangible value while
preparing industries for a low-emission, high-efficiency future Bio-Mobility? is
redefining the future of transportation and industrial fuels. Leveraging our leadership in
ethanol technology, we are expanding into next-generation biofuels such as compressed
biogas, Sustainable Aviation Fuel (SAF), and biohydrogen. These solutions directly reduce
carbon intensity and enhance energy resilience.
Bio-Prism? is accelerating the move away from fossil-based
chemicals and materials. Using advanced biotechnology and process innovation, we are
producing bio-based alternatives like bioplastics, biobitumen, and biochemicals. This
shift reduces import dependency and supports long-term business continuity by offering
cleaner, scalable alternatives to conventional petrochemicals.
Complementing our core platforms, Praj HiPurity Systems Ltd. (PHS) is
well-positioned to capitalize on the growing demand for ultra-pure water solutions across
high-growth sectors, unlocking significant opportunities in industries requiring
impeccable water quality.
Our ETCA business addresses critical energy challenges. Through
engineering strength, manufacturing excellence, and best-in-class practices, it supports
the development of clean energy solutions in areas such as hydrogen, ammonia, carbon
capture, and waste-to-energy. These efforts help industries comply with evolving
regulations, reduce emissions, and improve operational efficiency.
The Government of India has taken cognizance of the immense potential
of the bioeconomy and is working on a forward-looking BioE3 (Biotechnology for Economy,
Environment and Employment) Policy for Fostering High Performance Biomanufacturing. This
reinforces the importance of industry participation in building a future-ready energy
landscape. In alignment with this vision, our strategic platforms are not only delivering
lasting impact but also contributing to national priorities.
We firmly believe that true progress requires collaboration.
That's why we continue to build a strong ecosystem, engaging with
global experts, institutions, and policymakers to shape the future of clean technology and
industrial development.
Throughout this journey, we remain committed to high standards of
integrity, governance, and accountability. These principles are embedded in everything we
do and are essential to earning the confidence of all stakeholders.
To our valued shareholders, thank you for your continued trust and
support. Backed by strong fundamentals, a clear strategic roadmap, and deep technical
expertise, Praj is ideally positioned to harness the growing opportunities offered by the
global transition. Our 2030 Vision serves as both a compass and catalyst- driving
purposeful action and aligning our efforts with national and global priorities. With this
vision at the core, we are shaping a cleaner, more resilient, and future-ready industrial
world- creating lasting impact for the economy, industry, and generations to come.
Warm Regards,
Dr Pramod Chaudhari
Chairman
June 2025