Pratibha wins water treatment plant contract in Nepal

Pratibha Industries Ltd (PIL) has recently been awarded a contract by Melamchi Water Supply Development Board of Government of Nepal for capacity expansion of water treatment plant at Sundarijal for a total contract value of Nepali Rs 155Cr, equivalent to approx. INR 97.8Cr. PIL will implement the project through Joint Venture formed with a local construction company within two years as per the contract terms.
With this, PIL has won contracts aggregating to INR 609Cr in recent times. Some other contracts bagged by the Company include: construction of office building of Noida authority and construction of Academic Blocks/Institutional buildings at North IIT Mandi, Delhi. Mr. Ajit Kulkarni, Chairman & Managing Director, P1L said: "We are happy to announce this key development as we continue our march towards well planned growth. PIL has been participating in all new tenders for the construction of water and metro projects in which the Company has special knowledge and expertise gained through the experience of successful implementation of various large projects over the years. With the support of lenders, we are confident of achieving our growth targets."

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