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RCI Industries shines on bagging two purchase orders from Ordnance Factory

17 Sep 2018 Evaluate

RCI Industries & Technologies is currently trading at Rs. 92.20, up by 4.10 points or 4.65% from its previous closing of Rs. 88.10 on the BSE.

The scrip opened at Rs. 87.00 and has touched a high and low of Rs. 94.00 and Rs. 87.00 respectively. So far 22064 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 254.90 on 05-Jan-2018 and a 52 week low of Rs. 85.05 on 14-Sep-2018.

Last one week high and low of the scrip stood at Rs. 96.90 and Rs. 85.05 respectively. The current market cap of the company is Rs. 123.48 crore.

The promoters holding in the company stood at 63.83%, while Institutions and Non-Institutions held 0.20% and 35.97% respectively.

RCI Industries & Technologies has received two purchase orders from Ordnance Factory, Katni in the state of Madhya Pradesh (MP), Ministry of Defence, Government of India for Initially Supply of around 100 MT CR GM Strips within Delivery Schedule of Two Months.

The said order is received by the company pursuant to tender of Ordnance Factory and after successfully completion of Capacity/Plant verification and other technical evaluation of plant located at Baddi (HP) conducted by officials of said Ordnance Factory and subsequently declaration of L1 (Lower) in Price Evaluation.

RCI Industries & Technologies is engaged in export & import of Copper Wires used in various electrical and industrial applications. Also, in partnership with Satya Metals they manufacture products with most advanced technology and graded raw material, which is checked at every stage of production. 

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