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Richa Industries advances on winning first Rail over Bridge Project for Railways

09 Dec 2015 Evaluate

Richa Industries is currently trading at Rs. 29.90, up by 0.85 points or 2.93% from its previous closing of Rs. 29.05 on the BSE.

The scrip opened at Rs. 29.25 and has touched a high and low of Rs. 31.40 and Rs. 27.90 respectively. So far 2,94,000 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 42.30 on 27-Jan-2015 and a 52 week low of Rs. 19.00 on 09-Sep-2015.

Last one week high and low of the scrip stood at Rs. 32.25 and Rs. 27.90 respectively. The current market cap of the company is Rs. 69.24 crore.

The promoters holding in the company stood at 59.41%, while Non-Institutions held 40.59% respectively.

Richa Industries, a leading Construction & Engineering company has secured first order to construct rail over bridge for Indian Railways. The project involves construction of approximately 100-110 meter span rail over bridge within the estimated completion time of fifteen months from the date of LOI. The Project value is approximately Rs 20 crore.

Richa Industries is a leading Construction & Engineering Company in India operational in Pre Engineered Building (PEB), Structural Steel, Turnkey & Textile sectors. Richa is the first Indian PEB company to get the internationally recognized OHSAS 18001:2007 Certification by IRQS. Rapidly growing, Richa has accomplished more than 400 projects in a record time on an average of delivering one building in every five days.


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