Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
21 September, 2018 07:21 IST
Kridhan Infra's associate company VNC bags orders worth Rs 742 mn
Source: IRIS | 11 Jul, 2018, 09.41AM
Comments  |  Post Comment

Kridhan Infra (KIL) is happy to announce that its associate company Vijay Nirman Company Private (VNC) has won new orders worth Rs 742 million. These orders encompass construction work at IGI Airport, Delhi. These orders are to be completed within 5-7 months.

KIL currently owns approximately 41% stake in VNC and hence, VNC operates as an associate company of KIL. Vijay Nirman is a pedigreed private construction company, having completed over 400 projects, in over 30 years of operations. The company has a strong technical skill set with a superior leadership team. VNC also has a vast experience in the roads, bridges, airports and affordable housing segments and is well reputed for its timely execution. It generated revenues of approximately Rs 9 billion in FY18.

Kridhan Infra's proforma order book after consolidation of VNC in India and Swee Hong in Singapore, stands at Rs 35+ billion, as on March 31, 2018, of which, VNC contributes to almost 80%.

Shares of the company gained Rs 5.75, or 7.4%, to trade at Rs 83.50. The total volume of shares traded was 10,032 at the BSE (9.27 a.m., Wednesday).





Kridhan Infra Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Strides Pharma Science gets ACCC approval for merger of Arrow and Apotex Australia - 20-Sep-2018 10:15
Bajaj Finserv ties up with Wochit - 20-Sep-2018 10:09
Glenmark Pharma inducted into DJSI Emerging Market 2018 - 19-Sep-2018 12:09
TVS Motor Co strengthens presence in Mexico - 19-Sep-2018 11:56
Himachal Futuristic Communications bags order worth Rs 6.11 bn - 19-Sep-2018 11:52
Tata Steel completes acquisition of Creative Port Development - 19-Sep-2018 11:48
SABIC acquires 24.99% stake in Clariant globally - 19-Sep-2018 11:45
Tata Power launches its VoiceBOT TINA - 19-Sep-2018 11:42
Sun Pharma gets European Commission nod for ILUMETRI - 18-Sep-2018 17:02
Indian Hume Pipe receives LoA for order worth Rs 2.21 bn - 18-Sep-2018 16:58
Tata iQ selects TCS Jile to Drive Agile Transformation - 18-Sep-2018 16:48
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer