Richa Industries Receives Rs.20 Crore Order From Punj Lloyd

Richa Industries Limited, a leading Construction & Engineering company has secured an order from Punj Lloyd, 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 Limited (IOCL).

The project involves construction of PEB warehouse, approximately 55,000 sq mt 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.

Dr. Sandeep Gupta, Managing Director, Richa Industries Limited said, “We are glad to get this project of IOCL awarded to us by Punj Llyod. This project will be one of the largest warehouses (in terms of area) built by us in the history of Richa.”

Richa Industries Ltd is currently trading at Rs. 27.35, up by Rs. 0.4 or 1.48% from its previous closing of Rs. 26.95 on the BSE. The scrip opened at Rs. 27 and has touched a high and low of Rs. 27.35 and Rs. 27 respectively. So far 201(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 63.14 crore.

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 on 09-Sep-2015. Last one week high and low of the scrip stood at Rs. 28.75 and Rs. 26.35 respectively. The promoters holding in the company stood at 59.41 % while Institutions and Non-Institutions held 0 % and 40.59 % respectively.

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About Suhani Varma

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