Richa Industries zooms on getting RDSO registration of the Ministry of Railways

20 Feb 2015 Evaluate

Richa Industries is currently trading at Rs. 31.95, up by 1.75 points or 5.79% from its previous closing of Rs. 30.20 on the BSE.

The scrip opened at Rs. 30.75 and has touched a high and low of Rs. 32.50 and Rs. 29.00 respectively. So far 37745 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. 34.50 and Rs. 30.00 respectively. The current market cap of the company is Rs. 65.94 crore.

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

Richa Industries, a leading Construction & Engineering company has received approval from the Research, Designs and Standards Organization (RDSO) of the Ministry of Railways for Fabrication and Supply of Steel Bridge Girders of the Indian Railways. The Registration in the approved list of RDSO will be valid for two years from now.

The RDSO approval has given room to the company to enter into new segment. With the help of this approval, Richa is now eligible to participate in tenders of Indian Railways which is an initial step to venture into new segment. Under the Ministry of Railways of India, RDSO functions as a technical adviser and consultant in respect of design and standardization of railway equipment and problems related to railway construction, operation and maintenance.

Being a premier organization in the PEB sectors, Richa has also recently received the internationally recognized OHSAS 18001:2007 Certification by Indian Register Quality System (IRQS).

Richa industries Share Price

1.99 -0.10 (-4.78%)
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