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PRAJ INDUSTRIES LTD. - Praj Industries Ltd reply to clarification sought by the exchange
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08 Jan 2015
The Exchange had sought clarification from Praj Industries Ltd with respect to disclosure dated January 7, 2015 titled &quot;Praj Contracts Order for Uganda&apos;s largest ethanol plant from Kakira Sugars&quot; requesting to provide The tenure of contract; Nature of consideration; Whether the said contract would fall under related party transactions&lt;BR&gt; &lt;BR&gt;Praj Industries Ltd replied stating :&lt;BR&gt;&lt;BR&gt;&quot;1. The tenure of contract : Around 18 months&lt;BR&gt;2. Nature of consideration : Over Rs 100 Crores &lt;BR&gt;3. Whether the said contract would fall under related party transactions : No&quot;
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