Kridhan Infra bags order of Rs. 134 crore in Singapore

Kridhan Infra, a leading EPC company, through its Singapore-based subsidiary won a Rs. 134 crore contract.

The piling contract will be operated through Kridhan Infra's subsidiary KH Foges Pte. Ltd. The new contract is worth Rs. 1,340 million or SG$ 27 million. The execution period for the contract is approximately 4 month.

The company has strengthen its business in the region through the acquisition of Swee Hong Limited, Singapore. The company now ranks as the second largest foundation engineering firm in Singapore. Besides Singapore, Kridhan Infra Limited is expanding its internationally businesses in Myanmar, Malaysia and other Asian countries. On the domestic front, Kridhan Infra has acquired a 41 per cent stake in Visakhapatnam-based Vijay Nirman Company Limited (VNC).

At 14:50 on Friday, Kridhan Infra Limited 119.65 per share, up by 2.95 or 2.53 per cent, while benchmark index BSE Sensex was at 33,650.90, up by 54.10 or 0.16 per cent.