Pratibha Industries Limited, the flagship company of the Pratibha Group announced bagging of two prestigious orders in the building and one in the water segment. The combined value from both the sectors amounts to INR 571 crore.
As per report the company has bagged a project valued at INR 362 crore from Runwal Homes Pvt Ltd for the civil and structural work of a residential building 'Runwal Greens' located at Mulund-Goregaon Link Road, Mulund (West). The project is scheduled to be completed within a period of 27 months and will have a total built up area of 4 million square feet. This well landscaped residential complex, having several facilities and amenities, will be a landmark in Mulund.
The other project bagged is from Lodha Group valued at INR 179 crore for its prestigious project 'Casa Rio'. This involves the construction of 58 buildings for the integrated township to be set up at Dombivali. The project is scheduled for completion within a period of 16 months in two phases. In the first phase, 30 buildings and in the second phase, 28 buildings will be constructed.
In the water segment the company bagged an EPC contract worth INR 30 crore alongwith its JV partner Gharpure Engineering and Construction Pvt Ltd from the Urban Improvement Trust, Ajmer Rajasthan. The contract is to generate power from gases produced from sludge digestion of 60 million liters per day from the Sewage Treatment Plant at Khanpura, Ajmer. The company would be required to design, construct, supply, install, test & commission civil, mechanical and electrical works. The project is scheduled to be completed in 18 months with an operation and maintenance component spanning over a period of 5 years.
Speaking on winning of these projects, Mr Ajit B Kulkarni MD of Pratibha Industries Ltd said that "It is indeed a matter of great pride for us that we are partnering with Mumbai's best developers for the construction of their prestigious projects. The award of these contracts is a further demonstration of our leadership position in the building segment. Our goal is always to create high-quality infrastructure that embodies aesthetics while preserving the environment. With our long standing experience and qualified workforce, we are well equipped to undertake complex projects.”
He further added that "In an age of unpredictable energy prices and environmental problems caused by over reliance on fossil fuels, the generation and use of biogas is one of the most efficient and untapped sources of alternative energy. We are glad that we won the contract from the Urban Improvement Trust, Ajmer and are able to share our expertise in developing ways to recycle waste by generating electricity from landfill waste and pollution."
(Sourced from www.equitybulls.com)
