Friday 20 February 2015

RICHA INDUSTRIES LTD - NEWS UPDATE

Richa Industries recommended on 22nd January 2015 @ 33.

Today company has made following announcement to the BSE:

Richa Industries Ltd has received approval from the Research, Designs and Standards Organization (RDSO) of the ministry of Railways for fabrication and supply of steel bridge girders of the Indian Railways.
The registration in the approved list of RDSO will be valid for two years from now.

The RDSO approval has given room to Richa Industries to enter into new segment. With the help of this approval, Richa is now eligible to participate in tenders of Indian Railways which is an initial step to venture into new segment.

Commenting on this, Dr Sandeep Gupta, Joint MD, Richa Industries Ltd said, "Getting RDSO approval is indeed a great achievement for us. This approval is an endorsement for Richa's commitment to quality and indicates our potential and world-class capabilities. Besides, The Railways have an aggressive plan for major development in the sector and lot of projects are coming up. Working in partnership, Richa's expertise will support in the development in a major way".

Under the Min. of Railways of India, RDSO functions as a technical adviser and consultant in respect of design and standardization of railway equipment and problems related to railway construction, operation and maintenance.

Being a premier organization in the PEB sector, Richa has also recently received the internationally recognized OHSAS 18001:2007 certification by Indian Register Quality System (IRQS)

What this announcement means is that beside the PEB sector boom on back of warehousing and Make in India demand, Richa Industries will also participate in the modernization and development of the Indian Railways.

On a lighter note, Richa Industries has now become a proxy-play to the Narendra Modi led government and it's great plans of development. So if we trust Narendra Modi to do well, Richa Industries automatically becomes a strong-buy.

14 comments:

  1. As per my small chat with Richa jt md today Richa Industries will be covered on CNBC TV-18 at 1:40 PM.

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  2. Hope everyone heard Mr Gupta of Richa Industries at 1:40 on CNBC as already informed!

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  3. Sir, what's happening to Guj Auto? Any clue why it's going down. Any reason for concern?

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    Replies
    1. Nothing negative, market sometimes take time to re-rate small caps but when the growth will start happening the re-rating will be done by the markets so i am not worried about gujarat auto at the moment.

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  4. Ur view on IL&FS engineering and construction company Ltd?

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    Replies
    1. Don't like it right now, debt-ridden, inconsistent financial performance.
      Never buy a stock sensing turn-around after just one quarter of profit, Sarda Plywood is an example.

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  5. Sir, Thanks for great update. However small correction. It is RDSO and not RSDO.

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  6. Hi any views on SKM Egg can we add more pls advice
    Thanks
    Anurag

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  7. What's your view on Resurgere Mines & Raj Oil Mills???

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  8. DHP india corrected from 180 level to 118 level, is it right time to enter and how is the future for this company?

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  9. Sir your valuable views on Kalahasthi pipe..
    As a long term investor can I join this at Cmp.

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  10. hi ace

    view on selan exploration and gmm pfaudler

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  11. Sir the fall in Richa industry doesn't seem to stop even at days when nifty zooming like anything? Do you still think Richa to be a good bet for long term? I entered at41, shall I average? if you think the downtrend has over or is limited from here? please share your views

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