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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.

Kridhan Infra share price is currently trading at Rs45.10, up by Rs1.55 or 3.56% from its previous closing of Rs43.55 on the BSE.
The scrip has opened at Rs44.55. It has touched a high and low of Rs46 and Rs44.55, respectively. So far 86,618 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs412.76cr.
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