Richa Industries up 10% on order win of Rs 20 cr from Punj Lloyd

Moneycontrol BureauShares of Richa Industries gained 10 percent intraday Friday as it has secured an order worth Rs 20 crore from Punj Lloyd for construction of warehouse for Indian Oil Corporation (IOC).The project involves construction of PEB warehouse, for IOC at Paradip in Jagatsingpur district, Odisha, which includes engineering, design, fabrication, shipment and erection of the warehouse. Sandeep Gupta, managing director of Richa Industries said, "This project will be one of the largest warehouse built by us in the history of Richa."The company's 22nd AGM will be held on August 13, 2016.At 12:53 hrs Richa Industries was quoting at Rs 28.50, up Rs 1.55, or 5.75 percent on the BSE.Posted by Rakesh Patil