Pratibha Industries bags order worth Rs 588.5 mn from NTPC

Posted by perfect call on November 19, 2009

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Pratibha Industries today announced that it has secured the contract of circulating water and make-up water system civil works package for Mauda super thermal power project (2 X 500mw) from NTPC.

The total value of the contract is Rs  588.5 million. This excludes the cost of raw material to execute the project. The project has various components namely, intake well in river Kanhan, intake water pump house over the intake well, circulating water pump house,circulating water ducts from pump house to cooling tower, RCC CW channel, raw water pump house, laying of make water pipeline and effluent disposal pipeline etc.

The project is to be executed in 21 monthsThe company is engaged in the business of integrated Infrastructure solutions and manufacture of SAW pipes. As the company moves ahead and  have laid increased emphasis on devising its business strategy on aggressive top line growth, a de-risked business model and increased operational efficiencies.

Shares of the company gained Rs 40.5, or 18.27%, to trade at Rs 262.15. The total volume of shares traded was 652,789 at the BSE (Wednesday).