Responsive Industries Limited has announced Entry into Waterproofing Membrane Division with Vaitarna Tunnel Project Win.
Responsive industries Limited a leading player in the polymer products industry, is thrilled to announce its successful acquisition of the Vaitarna Tunnel project contract under the prestigious Mumbai-Delhi Freight Corridor initiative of Indian Railways. The Company has been entrusted with the supply and installation of waterproofing membranes to safeguard the tunnel's infrastructure.
This contract signifies Responsive Industries' strategic entry into the waterproofing membrane division, further diversifying its product offerings.
"We are honored to be chosen for this critical project, which marks our entry into the waterproofing membrane business. This new vertical underscores our commitment to innovation and the pursuit of growth opportunities."
The Mumbai-Delhi Freight Corridor project is a major undertaking by the Indian Railways aimed at improving the freight transport network across the nation. Responsive Industries' waterproofing membranes will contribute to the long-term reliability and sustainability of the Vaitarna Tunnel.
Shares of Responsive Industries Limited was last trading in BSE at Rs. 228.55 as compared to the previous close of Rs. 228.90. The total number of shares traded during the day was 66664 in over 613 trades.
The stock hit an intraday high of Rs. 230.00 and intraday low of 225.45. The net turnover during the day was Rs. 15200530.00.