Pratibha Industries secures contract for water supply scheme from Jabalpur Municipal Corporation

Pratibha Industries Ltd has announced that the Company has secured a contract from Jabalpur Municipal Corporation (Project Implementation Unit - PROJECT UDAY) for a water supply scheme. The value of the contract is Rs 26.44 crores. The project is to be executed in 24 months.

The project involves "providing, laying, jointing, testing and commissioning of clear water rising mains and feeder mains at Jabalpur".

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.238, up by Rs.5.25 or 2.26%. The stock hit an intraday high of Rs.240.50 and low of Rs.231.10. The total traded quantity was 97629 compared to 2 week average of 146355.

Source : Equity Bulls

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