Richa Industries advances on winning first Rail over Bridge Project for Indian Railways
Faridabad: Construction & Engineering company, Richa Industries Limited, has bagged 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 Crores, according to a release.
Richa Industries Limited’s Joint Managing Director Dr.Sandeep Gupta in a statement said, “This is an outstanding opportunity for us to exhibit our company’s potential in a new segment. After successfully accomplishing the first project for North Central Railways, this is another major project that we have received from Railways. We are optimistic for future and look forward for more such orders from Indian Railways.”
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.
Since 1993, Richa has carved a strong image by living up to its commitment of providing innovative, finest quality, cost effective and faster completion of project solutions to its clients.
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.