 "Kridhan Infra arm bags Rs 247-crore order in Singapore")
"Kridhan Infra, through its subsidiary, KH Foges Pte, has won orders amounting to SG$ 50.8 million (more than Rs 247 crore) in Singapore for EPC (engineering, procurement and construction) works and foundation engineering," the company said.
KH Foges is the second-largest foundation engineering company in Singapore.
More From This Section
"The order includes entire EPC work for a new flyover, including construction of viaduct and underpass valued at Rs 226 crore for the Singapore government," he said.
The company said the EPC order marks a significant milestone for Kridhan as the company has moved up the value chain from doing foundation engineering projects to complex and larger EPC projects in the infrastructure division.
It said the project marks Kridhan's entry into a completely new segment in Singapore and further expands its scope of work. With this order, the total consolidated order book now stands at Rs 665 crore.
"This is a very prestigious order win for us, and represents the largest order for the company," said Anil Agrawal, managing director, Kridhan Infra.
He added Singapore is a key market for the company and the contract will consolidate its position in the country.
Headquartered in Mumbai, Kridhan Infra is one of the companies which introduced the concept of ready to use steel for construction industry in the country.
Kridhan Infra stock 3.68 per cent up at Rs 93.00 during the pre-close session on BSE.