Richa Industries rises on bagging order worth Rs 26 crore

18 Feb 2015

Richa Industries is currently trading at Rs 33.80, up by 1.50 points or 4.64% from its previous closing of Rs 32.30 on the BSE.

The scrip opened at Rs 33.40 and has touched a high and low of Rs 34.50 and Rs 33.00 respectively. So far 46337 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs 10 has touched a 52 week high of Rs 44.70 on 23-Sep-2014 and a 52 week low of Rs 19.20 on 11-Jul-2014.

Last one week high and low of the scrip stood at Rs 34.40 and Rs 27.20 respectively. The current market cap of the company is Rs 74.31 crore.

The promoters holding in the company stood at 57.38% while Non-Institutions 42.62%.

Richa Industries, a leading Construction & Engineering company has secured an order for its PEB division approximately worth Rs 26 crore from Bihar State Building Construction Corporation (BSBCCL) to construct Warehouses at different locations in the state of Bihar.

The Project involves the construction of seven Warehouses with the capacity of 5000 MT each at the location of Bhagalpur, Munger, Lakhisarai, Sheikhpura, Jamui Begusarai and Khagaria. The complete scope of work entails Engineering Design, Fabrication, Shipment, Erection and Commissioning of the building. Richa has to complete the project in 10 months.

Richa Industries is an established ISO 9001:2008 certified Conglomerate Company, ranked 208 in India Inc, top 500 best mid-size companies, operational in Textile and Pre- engineered Building (PER) sectors.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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