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Order Bagged in Details
Kridhan Infra surges 17% on order win worth Rs 180 crore
Date: June 12, 2018
Share price of Kridhan Infra surged 17 percent in the opening trade on Tuesday as company won order worth Rs 180 crore.
The company's associate company Vijay Nirman Company (VNC) has won a new order worth Rs 180 crore.
This order encompasses structural work for connectivity to the Vishakhapatnam Port Road in Andhra Pradesh.
The said order is to be completed within 15 months.
As on March 31, 2018 the company's proforma orderbook after consolidation of VNC in India and Swee Hong in Singapore, stands at Rs 32 billion, of which, VNC contributes to almost 80 percent.
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