Kridhan Infra wins order worth Rs167cr; Stock gains 3%
Kridhan Infra’s associate company Vijay Nirman has received an order worth Rs167cr for civil construction work. Reacting to this, the company’s shares were trading 3% up in the morning session on Friday.
An order has been received for the construction of minor bridges, culverts, ROB, and other associated elements included in Purvanchal Expressway (Package-V) development contract, the company said in a press note to exchanges on Friday.
The work is expected to be commissioned by the company over a period of 15 months from the date of start – November 25, 2018.