Pratibha Industries trades jubilantly on bagging orders worth Rs 1491.59 crore

Pratibha Industries Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532718 | NSE: PRATIBHA

02 Jul 2012 Evaluate

Pratibha Industries is currently trading at Rs. 48.45, up by 2.10 points or 4.53% from its previous closing of Rs. 46.35 on the BSE.

The scrip opened at Rs. 46.90 and has touched a high and low of Rs. 50.40 and Rs. 46.55 respectively. So far 135325 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 59.75 on 19-Jul-2011 and a 52 week low of Rs. 27.80 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 50.40 and Rs. 45.00 respectively. The current market cap of the company is Rs. 476.74 crore.

The promoters holding in the company stood at 52.44% while Institutions and Non-Institutions held 21.31% and 26.25% respectively.

Pratibha Industries, the flagship company of the Pratibha Group has bagged orders worth Rs 1491.59 crore in tunneling and building division. Under the tunneling division, the company has bagged a contract worth Rs 1089.59 crore from DMRC. The work involves design and construction of tunnel by shield tunnel boring machine, construction of tunnels, stations and ramp by cut and cover between Motibagh and Lajpat Nagar stations (both excluding) for underground works on Mukundpur-Yamuna Vihar corridor of Delhi MRTS project of Phase III. The project is to be completed within 42 months from the date of commencement.

Under the building division, the company has bagged a contract of Rs 345 crore from IREO for the construction of group housing project ‘SKYON’ at Sector 60 Gurgaon - Civil, Structural & Internal Finishing works. The project is to be completed within 31 months and it envisages total built up area of approximately 24 lakh square feet.

Further, the other project bagged is from Raheja Universal, valued at Rs 57 crore for its prestigious commercial project ‘Raheja Iridium’. The project is to be completed within 16 months and it envisages total built up area of approximately 4.65 lakh square feet.

Pratibha Industries is engaged in the business of integrated infrastructure solutions and manufacture of SAW pipes. As the company moves ahead, it has laid increased emphasis on devising its business strategy on aggressive top line growth, a de-risked business model and increased operational efficiencies.