 "Praj Industries bags Rs 235-cr order from Brazil's Petrobras")
Pune-based Praj Industries has bagged a Rs 235 crore order for oil & gas process skids for Petrobras, Brazilian energy major. QCIT, the main contractor for the Petrobras project in Brazil, has awarded the order for skids on Praj. In this project, Praj will provide detailed engineering, procurement, manufacturing of skids alongwith all related equipment. The weight of individual skids range from 50 to 150 tonnes. Praj will manufacture these skids as per ASME and Brazilian code requirements at its SEZ, Kandla units in Gujarat, India.
Pramod Chaudhari, Chairman, Praj Industries, said, "This is a very prestigious order for Praj and for the emerging business of critical process equipment and systems (CPES). It opens door for Praj's CPES business in the Latin American market."
Praj Industries' ethanol business is already established in Latin America for past two decades having significant present in the market. "Our investments into the additional manufacturing facilities at Kandla are bearing fruits. Praj is also getting established as a key player for process equipment and systems in the hydrocarbon sector. This will mark beginning of our contribution to the 'Make in India' initiative," added Chaudhari.
Pramod Chaudhari, Chairman, Praj Industries, said, "This is a very prestigious order for Praj and for the emerging business of critical process equipment and systems (CPES). It opens door for Praj's CPES business in the Latin American market."
Praj Industries' ethanol business is already established in Latin America for past two decades having significant present in the market. "Our investments into the additional manufacturing facilities at Kandla are bearing fruits. Praj is also getting established as a key player for process equipment and systems in the hydrocarbon sector. This will mark beginning of our contribution to the 'Make in India' initiative," added Chaudhari.