Praj Industries, engaged in engineering and manufacture of alcohol, fuel ethanol, brewery plants, wastewater systems and fermentation systems, has won Rs 2.35 billion order for oil & gas process skids for Petrobras, a multinational Fortune 500 oil & 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 alongwith all related equipment. The weight of individual skids range from 50 to 150 tons. Some of the units will be large, multi-storied skids. Praj will manufacture these process skids as per ASME and Brazilian code requirements at its SEZ, Kandla units in Gujarat, India.

On this occasion, Pramod Chaudhari, executive chairman, Praj Industries said, ''This is a very prestigious order for Praj and the emerging business of Critical process equipment & systems (CPES). It opens the door for Praj's CPES business in the 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 establishes as a key player for process equipment & systems in the hydrocarbons sector. This will mark beginning of our contribution to the 'Make in India' initiative.''

Shares of the company declined Rs 1.1, or 1.49%, to trade at Rs 72.75. The total volume of shares traded was 862,485 at the BSE (11.58 a.m., Monday).