Kridhan Infra's subsidiary will construct link sewers for the DTSS Phase 2 project at Old Choa Chu Kang Road/ Jalan Bahar, in Singapore.
The company through its subsidiary Readymade Steel Singapore Pte has signed a term sheet to subscribe 300 million shares and 500 million warrants in Singapore based leading EPC company Swee Hong for total consideration of SGD 8 million.
SBI | ICICI Bank | PNB | Tata Steel | United Spirits | Kridhan Infra | RCF | Unitech | Wipro | Chambal Fertilisers | BASF | Chembond Chemicals | GVK Power | GMR Infrastructure | Orient Beverages | Reliance Capital are stocks, which are in the news today.
"Kridhan Infra Ltd, through its subsidiary, KH Foges Pte, has won orders amounting to SGUSD 50.8 million (over Rs 247 crore) in Singapore for EPC (engineering, procurement and construction) works and foundation engineering," the company said in a statement.
"Kridhan, through its subsidiary KH Foges Pte, has won orders worth 50.8 million Singapore dollar (over Rs 247 crore) in Singapore for EPC works and foundation engineering," the Mumbai-based infrastructure company said in its filing.
Kridhan Infra has reported a consolidated total income from operations of Rs 118.64 crore and a net profit of Rs 6.72 crore for the quarter ended Dec '15
On December 10, 2015 Elara India Opportunities Fund Limited bought 4,00,000 shares of Kridhan Infra.
Emkay Global is bullish on Kridhan Infra and has recommended accumulate rating on the stock with a target of Rs 115 in its November 20, 2015 research report.
Kridhan Infra has reported a consolidated total income from operations of Rs 135.17 crore and a net profit of Rs 6.45 crore for the quarter ended Sep '15