Shares of Richa Industries were up nearly 3% at Rs 30.50 on the BSE after the company announced that it has secured an order worth Rs 23 crore from IRCON International Ltd, a government company incorporated by the Ministry of Railways.
The order is for the construction of five pre-engineered buildings at Rourkela, Orissa for Indian Railways, the company said in a release.
The scope of work for the turnkey project includes design and construction of five buildings including lifting bay, inspection bay, machine shop, wheel lathe and oil godown with the total area of 16,000 sg. mt. The project will be completed in nine months, the release added.
The stock opened at Rs 30.20 and touched a high of Rs 31.70. At 11:30am, over 76,000 shares were traded on both the stock exchanges.
