Praj wins Rs. 235 Cr. order for Petrobras project in Brazil

November 17, 2014 10:59 am

Praj Industries, a global process solutions company, has won an order worth Rs.235 crore for oil and gas process skids for Petrobras, a multinational oil and gas corporation based out of Brazil.
QGIT, 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 along with all related equipment. The weight of individual skid srange from 50 to 150 tons. Some of the units will be large, multi-storeyed skids. Praj will manufacture these process skids as per ASME and Brazilian code requirements at its SEZ, Kandla units in Gujarat.
On this occasion, Pramod Chaudhari, Executive Chairman, Praj Industries said, “This is a very prestigious order for Praj and for the Emerging Business of Critical Process Equipment & Systems (CPES). It opens the door for Praj’s CPES business in the Latin American market. Praj ethanol business is already established in Latin America for past two decades where it enjoys a significant market share. 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 hydrocarbons sector. This will mark beginning of our contribution to the ‘Make in India’ initiative.”