Sushil Gupta , Chairman, Richa Industries is confident of clocking a topline of around Rs 450 crore in FY16, adding that the company has already done revenues to the tune of Rs 350 crore in the first nine months.
Richa Industries is a construction & engineering company that is operational in pre-engineered building (PEB), structural steel, turnkey & textile sectors.
Gupta in an interview to CNBC-TV18 said their current order book stands at Rs 200 crore and that he is expecting more orders to come through from railways going forward.
Sixty to seventy percent of their orders are from the infrastructure segment, said Gupta.
In December, 2015 the company won a rail overbridge order from Indian Railways of Rs 20 crore which is to be executed over 15 months. Earlier in June too they had secured an order from Sam India Built Well Pvt Ltd for construction of depot cum workshop for Lucknow Mass Rapid Transit System.
He is not very upbeat on the textile segment and said it would remain steady and similar to what they did in last six months.
The debt in the current quarter has gone down and may go down further, said Gupta.
For the entire interview, watch video.
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