The Central government had announced Sustainable Alternative Towards Affordable Transportation (SATAT) two years ago. Under this program, the government proposes to put up 5000 compressed bio gas plants which will be using agriculture residue.
Praj Industries signed a non-binding agreement with the oil ministry to set-up and commission multiple compressed biogas units.
“Under this MoU, we are committed to provide technology and engineering services for over 500 plants that will be set-up by different developers under SATAT,” Shishir Joshipura, MD & CEO of Praj Industries said in an interview to CNBC-TV18.
“As and when the developers start to develop this program on their projects we will be there to provide them with technology and engineering services,” he said.
On order book Joshipura said, “As of now it is building positively in the same direction that we had order for two quarters as well.”Watch this video for more.