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Pratibha Inds advances on bagging order worth Rs 128.07 crore from PHED, Jodhpur

18 Jun 2013

Pratibha Industries is currently trading at Rs 33.25, up by 0.25 points or 0.76% from its previous closing of Rs 33.00 on the BSE.

The scrip opened at Rs 33.00 and has touched a high and low of Rs 34.75 and Rs 32.85 respectively. So far 14490 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 58.65 on 10-Jan-2013 and a 52 week low of Rs 32.50 on 17-Jun-2013.

Last one week high and low of the scrip stood at Rs 35.35 and Rs 32.50 respectively. The current market cap of the company is Rs 337.02 crore.

The promoters holding in the company stood at 51.53% while Institutions and Non-Institutions held 21.80% and 26.67% respectively.

Pratibha Industries has bagged a contract worth Rs 128.07 crore awarded by PHED, Jodhpur, Rajasthan. The contract is scheduled to be completed in 30 months from the date of commencement.

The contract awarded is Barmer - Rawastar - Kharantiya Drinking Water Supply Project in Barmer district on single responsibility lump sum based contract, which includes providing, laying, jointing, testing and commissioning of Transmission and Cluster Distribution mains, RCC ground level / Elevated Reservoirs, Pumping arrangements, Control of flow with meters, FCVS, PLC & SCADA and allied activities.

Pratibha industries is engaged in the business of integrated infrastructure solutions. 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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323