Kridhan Infra zooms over 9%

Kridhan Infra is up over 9% at Rs.49.35, with volumes showing a surge of 6 times. The stock’s 52-week high and low stands at Rs.140.35 and Rs.41 respectively.

The company announced that its Singapore Subsidiary – Swee Hong Limited (“SHL”), together with its step-down subsidiaries, has successfully secured a contract from the Public Utilities Board worth SG$ 32.5 million (INR 167.6 crore).

This is for construction of link sewers for the DTSS Phase 2 Project at Old Choa Chu Kang Road/ Jalan Bahar, in Singapore.

Kridhan acquired a majority stake in Swee Hong limited in 2016. SHL is a leading EPC company in Singapore, and has been able to fast track its legacy projects, which are near completion and has built a robust order book by successfully bidding for new contracts.