Hot Pursuit     18-Sep-23
Responsive Inds bags supply contract for Rishikesh-Karan Prayag railway project
Responsive Industries announced that it has received an order for its waterproofing membranes for the RVNL Rishikesh-Karan Prayag Railway Project.

The Rishikesh-Karan Prayag Railway venture, an undertaking by Rail Vikas Nigam (RVNL), is set to transform the railway infrastructure landscape in Uttarakhand. Employing waterproofing solutions from Responsive Industries will be instrumental in ensuring the project's robustness and extended durability.

Responsive Industries is a manufacturer of PVC Products with three product verticals – vinyl flooring, synthetic leather & luxury vinyl tile (LVT). It is the largest Indian producer of PVC flooring and synthetic leather cloth and caters to healthcare, hospitality, transportation, retail, sports infrastructure and real estate sectors.

The company had reported to Rs 29.52 crore in the quarter ended June 2023 as against net loss of Rs 8.57 crore during the previous quarter ended June 2022. Sales rose 15.70% to Rs 263.17 crore in Q1 FY24 over Q1 FY23.

The scrip fell 1.20% to currently trade at Rs 332.80 on the BSE.

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