Pratibha Industries Ltd has announced that it has bagged an order worth Rs 1,089.60 crore from Delhi Metro Rail Corporation, and another worth Rs 345 crore from IREO Private Ltd.
The company describes itself as “a leading player in the area of urban infrastructure, including water, waste water as well as construction and saw pipe manufacturing.” The Pratibha group has three manufacturing plants and employs about 2,200 people.
The DMRC order is for construction of a tunnel and a ramp between Motibagh and Lajpat Nagar stations. This falls in the Mukudpur-Yamuna Vihar corridor of the Delhi MRTS project, Phase-III. The project is to be completed in 42 months.
The IREO project is for the construction of a 24 lakh sq ft group housing project at Gurgaon. This project is to be completed in 31 months.
Yet another project bagged by the company is for a commercial building, from Raheja Iridium. This project is worth Rs 57 crore and is to be completed in 16 months.
In all, Pratibha Industries’ orders total Rs 1,491 crore.
With these orders, the order book today stands at Rs 7,100 crore, which would be executed over three years, Mr Yogen Lal, Director, Pratibha, told Business Line today.
Mr Lal said that the company would need to invest Rs 120 crore for the DMRC contract, mainly to buy two more tunnel boring machines. The company has two, today. The company is mulling various funding options, including ECB, he said.
In 2011-12, Pratibha Industries achieved a turnover of Rs 1,503 crore, on which it achieved a net profit of Rs 83 crore. Each share, of face value of Rs 2, earned Rs 8.36. On the BSE today, the Pratibha Industries share ended nearly 8 per cent up at Rs 50.