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Pratibha Industries bags 376 crore order from Telangana State

Pratibha Industries (PIL) received an order worth Rs 376.07 crore from the Telangana government. The share price of the company on BSE increased by 4.69 per cent and is trading at Rs 35.2 on intraday basis.

Telangana Drinking Water Programme works, mostly civil, for the first phase, worth around Rs 8,500 crore opened financial bids on September 9, 2015. Bids were invited for nine segments of works in the first phase. PIL quoted 1.1 per cent less for the Sangareddy segment. The contract is valued at Rs 380.25 crore. The company won the order for the quoted price.

The order is given by the Telangana Drinking Water Supply Project (TDWSP) , Circle, Sangareddy, Rural Water Supply and Sanitation department Government of Telangana for providing Drinking Water to Sangareddy from Singur Source in Medak district including operation and maintainance. PLL will provide drinking water for 10 years where including DIP of 5 years after commonssioning of the project. 

The project is to be completed within 18 months from the date of commencement. PLL increased its emphadis on devising business strategy on aggressive top line growth, a de-risked business model and increased operational efficiencies. 

On financial front, PIL's  revenue increased by 37.53 per cent to Rs 3166 crore in FY15. The order bagged by the company is about 11.88 per cent of is toal revenue base. Its order book is also healthy at more than Rs 6000 crore and the management is sounding more positive about the growth prospects ahead.

The Telangana government also opened the technical bids for the second-phase works.In the second phase of the project, tenders were invited in ten packages for works worth Rs 14,000 crore. There were 44 bids filed by various companies.

PIL is a construction and infrastructure development company. The flagship company of the Pratibha Group provides infrastructure, which currently include design, engineering and execution or construction of complex and integrated water transmission and distribution projects, water treatment plants, elevated and underground reservoirs, mass housing projects, commercial complexes, pre-cast design and construction, road construction and real estate. The Company operates through two divisions such as Infra division and Saw division. The Infra Division is into water supply and environmental engineering, surface transport, special projects, building projects, airports, railway stations, retail infra and hydrocarbon. The Saw division is into manufacturing of large diameter SAW pipes, custom built structural steel sections and execution of integrated water supply projects amongst others. 

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