Pratibha Industries bags Rs 516.17 crore order; stock gains

Company has been awarded Rs 292.49 cr order by PHED, Ajmer, Rajasthan for work of cluster schemes of 213 villages of Jahajpur and Kotri tehsils.

Pratibha Industries bags Rs 516.17 crore order; stock gains
MUMBAI: Pratibha Industries gained momentum in after bagging two contracts aggregating to Rs 516.17 crore.

The company has been awarded Rs 292.49 crore order by PHED, Ajmer, Rajasthan for work of cluster schemes of 213 villages of Jahajpur and Kotri tehsils. The contract is scheduled to be completed in 36 months from date of commencement.

The second contract is of Rs 223.68 crore awarded by PHED, Bharatpur, Rajasthan for work of Regional Water Supply Scheme of 226 villages and their NRVs & Dhanies of Roopwas, Bharatpur & Kumher tehsils under CDBP WS project and augmentation of UWSS of Kumher town.

At 02:00 p.m., the stock was at Rs 22.90, up 7.51 per cent, on the BSE. It touched a high of Rs 24.40 and a low of Rs 21.20 in trade today.

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