Pratibha Industries gains on bagging orders worth Rs 589.69 crore

02 Jan 2014

Pratibha Industries is currently trading at Rs. 30.50, up by 3.40 points or 12.55% from its previous closing of Rs 27.10 on the BSE.

The scrip opened at Rs 27.00 and has touched a high and low of Rs 31.10 and Rs 27.00 respectively. So far 367470 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 27.75 and Rs 23.65 respectively. The current market cap of the company is Rs 308.22 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 secured orders worth Rs 589.69 crore under Water Management Division and Building Division. Under Water Management Division, the company has bagged order worth Rs 224.80 crore awarded by Gujarat Water Supply & Sewerage Board (GWSSB). The contract is for construction of underground drainage system for Jetpur, Bhayavadar, Wankaner, Dhoraji and Maliya Miyana towns of Rajkot district under Rajkot Package. The contract is scheduled to be completed in 18 months.

Under Building Division, the company has bagged order for Rs 117.92 crore awarded by National Buildings Construction Corporation, New Delhi. The contract is for construction of 200 bedded hospital at Ambedkar Nagar, New Delhi with total built up area of 2.95 square feet. The scope of work covers construction of hospital block -LBF+UBF+Gr + six floors & Infrastructure development work including external development works. The work include a number of specialized Civil / Electrical / HVAC / Mechanical / Electronic services etc. to be executed as integral parts of the project. The contract is scheduled to be completed in 18 months.

Besides, it has also bagged an order worth Rs 171.43 crore which was awarded by Bhartiya City Developers. The contract is for the construction of housing project ‘Nikoo Homes Residential Blocks nos. 1 to 4, Phase – II’ at Thannisandra Outer Ring Road, Bengaluru - Civil, Structural & Finishing and allied works. The contract is scheduled to be completed in 28 months. Significantly, this is a repeat order from the Bhartiya City Developers to the company.

Further, it has bagged order worth Rs 75.54 crore awarded by R J Group, Bangalore. The contract is for construction of ‘RJ Lake Gardenia’ project with total built up area of 7 lakh square feet. The contract is awarded for construction of Civil & Structural works including all associated works like club house, compound wall, security office etc. of proposed multistoried residential building complex comprising of three levels of parking, 27 floors of residential apartments project. The contract is scheduled to be completed in 21 months.

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