Pratibha bags Rs222 cr order in JV with Austrian firm

MUMBAI: Pratibha Industries in joint venture with Austria-based Ostu-Stettin Hoch u Tiefbau has bagged Rs222.52 crore order from Municipal Corporation of Brihanmumbai for construction of a tunnel and allied works.

The project is to be executed at Modak Sagar for transportation of water and is expected to be completed in 48 months, the company engaged in infrastructure business with key focus on water segment said in a communique to the Bombay Stock Exchange.

The order involves construction of a 7.5 km tunnel of 4,100 mm diameter with allied works such as intake and pipeline for transportation of water. The tunnel would be around 90 meters below the ground level.

Recently on May 7, Pratibha Industries in joint venture with Patel Engineering, had bagged a Rs156.7 crore order from Municipal Corporation of Brihanmumbai for construction of a tunnel and allied works.

The shares of the company were trading at Rs221.60, up 2.83 per cent in afternoon trade on the BSE.