Richa Industries announced that the company has bagged an order worth Rs 260 million for its PEB division from Bihar State Building Construction Corporation (BSBCCL) to construct warehouses at different locations in the state of Bihar.

The project involves the construction of seven warehouses with the capacity of 5000 MT each at the location of Bhagalpur, Munger, Lakhisarai, Sheikhpura, Jamui Begusarai and Khargaria. The complete scope of work entails engineering design, fabrication, shipment, erection and commission of building. Richa has to complete the project in 10 months.

Sandeep Gupta, joint managing director, Richa Industries said, "We are happy to receive this order from Bihar State Building Construction Corporation, one of the reputed company of Bihar. After receiving the order from BSWC, this is the second order that Richa has acquired in Bihar for constructing warehouses. We are glad to receive orders from such clients as this indicates customers trust on our capabilities and expertise in Pre Engineered Buildings.''

Shares of the company declined Rs 2.3, or 6.69%, to trade at Rs 32.10. The total volume of shares traded was 62,367 at the BSE (3.29 p.m., Monday).