Richa Inds spurts on diversifying into the area of turnkey solutions

Richa Industries is currently trading at Rs. 21.70, up by 0.60 points or 2.84 % from its previous closing of Rs. 21.10 on the BSE. The scrip opened at Rs. 21.90 and has touched a high and low of Rs. 21.90 and Rs. 20.75 respectively. So far 8003 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.95 on 07-Nov-2013 and a 52 week low of Rs. 13.30 on 27-May-2013. Last one week high and low of the scrip stood at Rs. 22.40 and Rs. 19.95 respectively. The current market cap of the company is Rs. 48.42 crore. The promoters holding in the company stood at 57.38%, while Non-Institutions held 42.62% of the stake. Richa Industries has diversified in the area of taking Turnkey solutions for Pre-Engineered Steel Building (PEB) with a vision to offer cost effective, high quality and high tech building solutions. The objective of this division is to provide the total Turnkey Project Solution i.e PEB-Civil combination, providing the need Of Structure and Super Structure including all activities beginning with Land Mapping & Survey up to complete interiors of office building & Land scaping. This facility will enable the customer to off -load the entire responsibility of completing the project to Richa for completion in a time-bound manner. Richa Industries is an established ISO 9001:2008 certified Conglomerate Company, ranked 208 in India Inc, top 500 best mid-size companies, operational in Textile and Pre- engineered Building (PER) sectors.