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RCI Ind bags two orders from Defence Ministry

| Updated on September 17, 2018 Published on September 17, 2018

RCI Industries & Technologies has received two purchase orders from Ordnance Factory Katni (MP), Ministry of Defence, for supply of 100 tonnes (approx) CR GM strips within delivery schedule of two months. The order has been received by the company pursuant to a tender from the Ordnance Factory and after successful completion of capacity/plant verification and other technical evaluation of the plant located at Baddi (Himachal Pradesh) by Ordnance Factory officials, the company said in a release to the BSE. Further, the company is looking for more tenders of other Ordnance Factories in India and abroad, it added. Shares of BSE-listed RCI Industries, which jumped to a high of ₹94, however, closed at ₹83.95, down 4.71 per cent, over the previous day’s close.

Published on September 17, 2018
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