Richa Industries surges on bagging order worth Rs 20 crore from Punj Llyod

19 Aug 2016

Richa Industries is currently trading at Rs. 28.70, up by 1.75 points or 6.49% from its previous closing of Rs. 26.95 on the BSE.

The scrip opened at Rs. 27.00 and has touched a high and low of Rs. 29.65 and Rs. 27.00 respectively. So far 96877 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 47.35 on 06-Jan-2016 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. 28.75 and Rs. 26.35 respectively. The current market cap of the company is Rs. 63.50 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 an order worth Rs 20 crore from Punj Llyod, an engineering and construction group of India providing integrated design, procurement and project management services for energy and infrastructure sector projects, for construction of Warehouse for Indian Oil Corporation (IOCL).

The project involves construction of PEB warehouse, approximately 55,000 square meter of area, for IOCL at Paradip in Jagatsinghpur district of Odisha, India. The scope of work includes Engineering Design, Fabrication, Shipment and Erection of the warehouse.

Richa Industries is a leading Construction & Engineering Company in India operational in Pre Engineered Building (PEB), Structural Steel, Turnkey & Textile sectors.

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