Kridhan Infra surges 6% on order win of Rs 106cr in Singapore
Share price of Kridhan Infra rose more than 6 percent intraday Monday as its subsidiary bagged contracts worth Rs 105.6 crore.
The company’s subsidiary KH Foges Pte has recently been awarded 3 new piling contracts worth USD 22 million (Rs 1,056 million) in Singapore.
The contract period for these projects are between 2.5 months to 5 months.
The contract includes piling works for industrial development at woodlands north coast, piling work for proposed public housing development comprising 2 blocks of 18 storey residential building and sub-contract for secant bored piling works.
Kridhan Infra has evolved into a leading EPC company in Singapore through the acquisition of Swee Hong.
At 11:00 hrs Kridhan Infra was quoting at Rs 98.15, up Rs 3.30, or 3.48 percent on the BSE.
Posted by Rakesh Patil