Pratibha Industries bags Rs 200 cr contract from NMMC

Mumbai, Mar 23: Pratibha Industries has secured a new contract worth Rs 200.90 crore from Navi Mumbai Municipal Corporation (NMMC) for executing a Water Supply Scheme (WSS), the Company informed the Bombay Stock Exchange (BSE) today. It is the single largest order received by the Company till date.

The project involves designing, construction and maintenance of water pipelines for 43 kilometres along with other ancilliary infrastructure' within the city limits of Navi Mumbai, the Company informed.

Residents of Navi Mumbai shall receive 24 hours water supply after completion of above project.

It is a fast-track project with a very short completion period of 12 months. The project is awarded under Deferred Payment Scheme.

Pratibha Industries is engaged in infrastructure business with key focus on water segment.

UNI