Pratibha bags contract for water treatment plant in Nepal

Pratibha Industries has been awarded a contract by Melamchi Water Supply Development board of Government of Nepal. The contract has been given to the company for capacity expansion of water treatment plant at Sundarijal for a total contract value valued at approximately Rs 97.8 crores. PIL will implement the project through Joint Venture formed with a local construction company within two years as per contract terms. With this contract, PIL has won contracts aggregating to Rs 609 crores in recent times.

The shares of the company could see some positive movement on November 18.In the last  three months, the shares of the company have fallen by over 51 per cent.Fifty-two-week High/Low of the company  stands at Rs 50.95/11.65.