Pratibha Inds rises on securing orders worth Rs 376 crore

Shares of Pratibha Industries have gained around 5% at Rs 35.65 on the BSE after the company secured a work order worth of Rs 376.07 crore for providing drinking water from Singur Source in Medak district, Telangana.

On BSE, so far 1.54 lakh shares were traded in the counter as against average daily volume of 1.28 lakh shares in the past one quarter.

The stock hit a high of Rs 35.70 and a low of Rs 33.45 so far during the day.

Pratibha Industries secured the work order from TDWSP, Circle, Sangareddy, Rural Water Supply and Sanitation Department, Government of Telangana for providing drinking water to Sangareddy Segment from Singur Source in Medak district including operation and maintenance, for ten years after commissioning (including DLP of five years).
 

The project is to be completed within 18 months from the date of commencement, Pratibha Industries said.

With Capital Markets input