Praj Industries

Bio-bitumen is a 4500cr market growing at ~12% between Fy24 & Fy25.
(India imports 50% of total bitumen requirement worth 30,000cr. At 15% blending rate for bio-bitumen with bitumen, 4500cr worth of bio-bitumen will be required which will keep growing at 12% based on last year’s growth rate).

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As I mentioned here: :point_down:

And here :point_down:

Praj has so many vectors of growth, that it is a bit difficult to fathom. And it is right at the cusp of orbit change with respect to the earnings currently versus the earnings that we will see in 3-4 years.

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