Pratibha Industries secures contract for water supply scheme from J&K Economic Reconstruction Agency

Pratibha Industries Ltd has announced that the Company has secured a contract from J & K Economic Reconstruction Agency for a water supply scheme. The value of the contract is Rs 19.69 crores. The project is to be executed in 15 months.

The project involves "improvement of Nishat and Doodhganga water supply schemes by providing, laying of D 1 pipe lines including allied works at Srinagar."

The Company is engaged in infrastructure business with key focus on water segment. As the Company moves ahead, the Company has laid increased emphasis on devising its business strategy on aggressive top line growth, a de-risked business model and increased operational efficiencies.

The stock was trading at Rs.208.10, down by Rs.0.65 or 0.31%. The stock hit an intraday high of Rs.212.90 and low of Rs.206.65. The total traded quantity was 70411 compared to 2 week average of 151140.

Source : Equity Bulls

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