Pratibha Industries gets order worth Rs 60 cr; stock jumps

MUMBAI: Pratibha Industries Ltd said on Tuesday it got an order worth Rs 60 crores from the Goa government for a water supply project.

At 11:56 am, shares of Pratibha Industries were trading 6.63% up at Rs 65.95 on the Bombay Stock Exchange.

"The total execution timeframe for the project is 18 months and the revenues from the project will be reflected in about two months time," said Ajit B Kulkarni, MD, Pratibha Industries.

The company is looking forward to such more orders.

Ajit B Kulkarni said that he feels the order pipeline would improve in the next two quarters because there are many projects coming out now and the company would quote for it. He further added that Pratibha Industries has been consistently clocking a net margin of 6-6.5% on these projects.