Subsidiary of Kridhan Infra bags order worth Rs. 56.6 crore

Kridhan Infra’s subsidiary, Swee Hong has successfully won order worth Rs. 56.6 crore (SG$11.3 million) in Singapore. Swee Hong has secured these contracts from the Public Utilities Board for work in respect of proposed sewers in Punggol North Area.

Kridhan Infra is an ISO 9001:2008 certified infrastructure solutions company. The company has an established foothold in the geotechnical and foundation engineering space and is the second largest foundation engineering player in Singapore. Established in 2006 with headquarters in Mumbai, Kridhan Infra is one of the pioneers in introducing the concept of ready to use steel for the construction industry in the country.

Reacting to this order win, the stock on Thursday opened at Rs. 101.20 per share and touched a high/low of Rs. 104/101.20 and at 11:26 hours the stock is quoting at Rs. 102.35 per share.