Pratibha Ind shares up 2%
Pratibha Industries shares gained over 2% on securing secured two contracts worth Rs 434.86 crore from Mumbai Municipal Corporation for water supply schemes.
At 10:56 AM, the share was up 2.01% at Rs 287 with volume traded at 1,15,691 against two-week average of 2,40,472 shares.
These projects are part of middle Vaitarna water supply project and involves providing and laying of 3000 mm diameter MS pipes of total length of 20.7 km and allied works. The projects are to be executed in 45 months, the company said in a notice to BSE.
The company is engaged in infrastructure business with keys focus on water segment. 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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