Kridhan Infra Limited ("KIL" or the "Company") has 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 crores) in aggregate for construction of link sewers for the DTSS Phase 2 Project at Old Choa Chu Kang Road/ Jalan Bahar, in Singapore.
KIL acquired a majority stake in Swee Hong limited in 2016. SHL is a leading EPC company in Singapore, which under KIL leadership and guidance, has had a successful business and financial turnaround. SHL 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.
Shares of Kridhan Infra Limited was last trading in BSE at Rs.45 as compared to the previous close of Rs. 45.35. The total number of shares traded during the day was 7866 in over 64 trades.
The stock hit an intraday high of Rs. 45.9 and intraday low of 44.75. The net turnover during the day was Rs. 356764.