Richa Industries gains on completing L&T Construction’s PEB Project

26 Mar 2015

Richa Industries is currently trading at Rs. 24.55, up by 1.35 points or 5.82% from its previous closing of Rs. 23.20 on the BSE.

The scrip opened at Rs. 27.20 and has touched a high and low of Rs. 27.50 and Rs. 24.00 respectively. So far 23,120 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. 27.50 and Rs. 23.05 respectively. The current market cap of the company is Rs. 55.00 crore.

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

Richa Industries, a leading Construction & Engineering company has successfully completed the five PEB building project, approximately worth Rs 11.32 lakh for L&T Construction at Jhansi, Uttar Pradesh. The Project involves the design, fabrication, supply and erection of five PEB structures viz ETL & Carpenter shop, Body Repair & Shell Component shop, Furnishing shop, Paint and Striping shop for North Central Railway at Coach Midlife Rehabilitation Workshop in Jhansi. The total area of the project is 10,530 sq meter.

Richa Industries is a leading Construction and Engineering company operational in Textile, Pre-engineered Building (PEB), structural Steel & Turnkey solutions sectors. After achieving an exponential growth in Textile sector, since its inception, Richa Industries stretched its arms and forayed into Pre Engineered Building sector in 2008.


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