Praj Industries has formed a subsidiary company by name ‘Praj Far East Philippines, lnc.’ in Makati City, Metro Manila, Philippines. This subsidiary has been formed to look after company’s business interest in Philippines.
Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for biofuels, brewery, industrial processes and water and wastewater treatment systems.
The company has registered a fall of 11.78% in its net profit at Rs 12.06 crore for the quarter under review as compared to Rs 13.67 crore for the same quarter in the previous year. The net sales of the company has decreased marginally by 0.22% at Rs 163.93 crore for Q1FY13 as compared Rs 164.29 crore for the corresponding quarter previous year.
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