1. Kridhan Infra shares surge 11% intraday after subsidiary wins orders

Kridhan Infra shares surge 11% intraday after subsidiary wins orders

Kridhan Infra shares gained as much as 11 per cent on Wednesday after it informed bourses that the company through its subsidiary, KH Foges Pte, has won orders worth over Rs 247 crore in Singapore

By: | New Delhi | Updated: February 24, 2016 4:59 PM
kridhan infra share price, sensex Kridhan Infra shares gained as much as 11% on Wednesday after it informed bourses that the company through its subsidiary, KH Foges Pte, has won orders worth over Rs 247 crore in Singapore (Express photo by Ganesh Shirsekar)

Kridhan Infra shares gained as much as 11 per cent on Wednesday after it informed bourses that the company through its subsidiary, KH Foges Pte, has won orders worth over Rs 247 crore in Singapore for EPC works and foundation engineering.

At 2.08 pm, share price of Kridhan Infra was quoting 3.12 per cent up at Rs 92.50. The scrip opened at Rs 90.10 and has touched a high and low of Rs 99.60 and Rs 88.50, respectively, in trade so far.

Later, the scrip closed 2.12 per cent up at Rs 91.60.

KH Foges is the second largest foundation engineering company in Singapore and has been expanding significantly in Singapore and other parts of South East Asia.

The order includes entire EPC work for a new flyover including construction of viaduct and underpass for the value of Rs 226 crore for the Government of Singapore. With this order, the total consolidated order book of the company stands at Rs 665 crore.

Kridhan Infra is an infrastructure solutions company.

  1. No Comments.

Go to Top