Pratibha Industries secures two contracts for water supply schemes from Indore Municipal Corporation

Pratibha Industries Ltd has announced that the Company has secured two contracts from Indore Municipal Corporation (Project Implementation Unit - PROJECT UDAY) for two water supply schemes. The total value of the contract is Rs 97.78 crores. The project are to be executed in 12/18 months.

The project involves "supplying, laying, jointing, testing and commissioning of pure water pumping main, feeder main at Indore".

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.239, up by Rs.7.95 or 3.44%. The stock hit an intraday high of Rs.241.90 and low of Rs.230. The total traded quantity was 143332 compared to 2 week average of 134070.

Source : Equity Bulls

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