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INDIA : Rs. 772 Crores contracts to Pratibha Industries Ltd
Publish Date : 10-Jan-2012
Pratibha Industries Ltd has won orders worth Rs. 772 Crores in Building and Water Management sections.
Company\'s Building Division secured a contract worth Rs. 153 Crores from Rustomjee Realty Pvt. Ltd. for the Civil and Structural work of Residential Buildings at Upper Juhu, D N Nagar, Andheri (W), Mumbai. The work is scheduled for completion within 26 months. The scope of the work includes construction of total built up area of approximately 14 lakh square feet, an ultra-modern residential complex in Andheri.
Company has even secured other project from Tata Housing Development Company Ltd, worth Rs. 136 Crores (not including the cost of cement, steel and shuttering) for its project named \'Tata Amantra\'. The work inlcudes construction of 23 buildings at Kalyan, near Mumbai, having a total built up area of around 30 lakhs square feet. This work is expected to complete within 27 months.
As far as the water segment of the Company is concerned it has secured two cash contracts : first one from Gujarat Water Infrastructure Ltd. worth Rs 403 Crores, which calls for laying of 63 km of large-diameter cross-country pipelines to supply water from Dhanki to Chuli under the Swarnim Gujarat Kutch Water Grid programme along with intake arrangement, pumping machinery & other electro-mechanical equipment, accessories, instrumentation control etc. This work is expected to complete in 12 months.
The Company has secured its second international order and first in Bangladesh from the Dhaka Water Supply and Sewerage Authority which is worth Rs 80 Crores. This contract was won by the company, in consortium with Jain Irrigation System Ltd & Navana Construction Ltd, which includes rehabilitation of distribution networks which is scheduled to complete in 350 days.
