Tuesday 30 July 2013

Pratibha Inds edges higher on bagging order worth Rs 205 crore

Pratibha Industries is currently trading at Rs 23.00, up by 0.15 points or 0.66% from its previous closing of Rs 22.85 on the BSE.

The scrip opened at Rs 23.30 and has touched a high and low of Rs 23.60 and Rs 22.30 respectively. So far 612366 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 21.00 on 25-Jul-2013.

Last one week high and low of the scrip stood at Rs 25.00 and Rs 21.00 respectively. The current market cap of the company is Rs 230.41 crore.

The promoters holding in the company stood at 51.53% while Institutions and Non-Institutions held 21.65% and 26.82% respectively.

Pratibha Industries has bagged a new contract worth Rs 205.12 crore awarded by PHED, Jaipur, Rajasthan. The contract is scheduled to be completed in 30 months from the date of commencement. The company has also got some existing order in hand and the Balance order book as of date amounts to approximately Rs 7,000 crore.

The current contract bagged by the company is for work of Regional water supply scheme of 161 Villages of Phagi Tehsil and their NRVs & Dhanies, District Jaipur, on Transmission Main-ll under Bisalpur Dudu Phagi Water Supply Project on Single Responsibility Turnkey Basis i.e. Design, Build and 1 year Defect Liability and 10 year Operation & Maintenance.

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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