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Monday, February 01, 2016

Richa industries bags order worth Rs 32 cr

Construction & Engineering firm Richa Industries Limited said that it has received an order worth Rs 32 crore for the construction of multilevel car parking for Public Works Department (PWD) in Mussoorie. It is a complete turnkey project and the scope of work includes Electrical & Maintenance, Civil work along with PEB, the company said in a filing to the Bombay Stock Exchange. The area of the building is approximately 11,000 sqmt. The multilevel car parking will have ground plus four floors with the total height of 20 meters. The project is expected to be complete by next year in January 2017, the filling added. Commenting on this achievement, Sandeep Gupta, Joint Managing Director, Richa Industries Limited says, “This is the first multilevel car parking project acquired by the company. It will be a ready to use building at the time of handover as entire Interior and exterior of the project is under our scope. We are geared up to carry out the project effectively in the desired time frame at the challenging location and expecting to work on more such projects in the near future.” Meanwhile, shares of the company were trading at Rs 35.55 apiece, up 3.80 per cent from the previous close at 13:13 hours on BSE.