Pratibha Industries, in joint venture
with Unity Infraprojects, bagged an order worth Rs.94 crore from Ulhasnagar
Municipal Corporation for a water supply scheme on BOT basis.
The project shall be executed through
a special purpose vehicle with equal equity participation by both the companies.
The scope of work involves complete design, development of independent water
source, augmentation of existing water supply scheme service reservoirs,
operation and maintenance of the scheme during the concession period of 30
years.
The project is scheduled for
completion within 18 months from the date of signing the concession agreement.
The project also entails supply of 10,000 tonnes of coated steel pipes
which shall be supplied by the newly established 'SAW Pipe Division' of the
company.
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