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Pratibha Industries surges on bagging orders worth Rs 516.17 crore

14 Oct 2013 Evaluate

Pratibha Industries is currently trading at Rs. 23.10, up by 1.80 points or 8.45% from its previous closing of Rs. 21.30 on the BSE.

The scrip opened at Rs. 21.20 and has touched a high and low of Rs. 24.40 and Rs. 21.20 respectively. So far 82,000 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. 16.80 on 23-Aug-2013.

Last one week high and low of the scrip stood at Rs. 22.00 and Rs. 20.10 respectively. The current market cap of the company is Rs. 233 crore.

The promoters holding in the company stood at 51.72% while Institutions and Non-Institutions held 21.63% and 26.65% respectively.

Pratibha Industries has bagged two orders worth Rs 516.17 crore from PHED (Aimer & Bharatpur) Raiasthan. The company has received first order worth Rs 292.49 crore from PHED, Ajmer, Rajasthan for work of Cluster Scheme of 213 Villages of Jahajpur and Kotri Tehsils along with Augmentation of UWSS of Jahajpur Town from Khajoori Headworks under Chambal-Bhilwara Water Supply Project Phase-II with operation and maintenance for 10 years on Single Point Responsibility Turnkey basis. The Contract is scheduled to be completed in 36 months from the date of commencement.

The company has received second order worth Rs 223.68 crore from PHED, Bharatpur, Rajasthan for work of Regional Water Supply Scheme of 226 villages and their NRVs & Dhanies, of Roopwas, Bharatpur & Kumher tehsils of Dist. Bharatpur, under CDBP WS project and Augmentation of UWSS of Kumher town on Single responsibility turnkey basis i.e. Design, Build and Operation & Maintenance during defect liability period up to 1 year after completion of works and thereafter for 10 years on Single point responsibility turnkey basis. The Contract is scheduled to be completed from the date of commencement.

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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