Kridhan Infra shines on bagging 3 orders worth Rs 124 crore in Singapore

15 Jan 2015 Evaluate

Kridhan Infra is currently trading at Rs. 68.70, up by 11.45 points or 20.00% from its previous closing of Rs. 57.25 on the BSE.

The scrip opened at Rs. 57.45 and has touched a high and low of Rs. 68.70 and Rs. 57.25 respectively. So far 229542 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 78.30 on 27-Oct-2014 and a 52 week low of Rs. 26.80 on 16-Jan-2014.

Last one week high and low of the scrip stood at Rs. 69.70 and Rs. 55.80 respectively. The current market cap of the company is Rs. 409.59 crore.

The promoters holding in the company stood at 61.30 % while Institutions and Non-Institutions held 2.78 % and 35.92 % respectively.

Kridhan Infra through its subsidiary, KH Foges, has won three orders in Singapore, total value amounting to SG$ 26.3 million equivalent to Rs 124 crore. With these orders, the total consolidated order book now stands at Rs 640 crore. KH Foges is the second largest piling company in Singapore and has been expanding significantly in Singapore and other parts of South East Asia.

The company’s subsidiary KH Foges has won an order from Daelim Industrial Company, for bored piling works of the Thomson Line- Outram Park Station. This is the second order that KH Foges has won in the Thomson Line expansion project of the Singapore MRT. The Outram Park station will be an interchange station connecting the Thomson Line with the East-West and North East lines, allowing commuters to enjoy connectivity between northern, central, eastern and western parts of Singapore.

Daelim is a leading construction player in Korea with strong presence in Middle East, Kuwait, China Vietnam, Philippines and Singapore. The total project value is SG$ 17.8 million amounting Rs 84 crore and will be executed in 14 months.

Besides, KH Foges has also won two other orders, total value amounting to SG$ 8.5 million equivalent to Rs 40 crore from Tiong Seng Contractors and Yong Xing Construction for bored piling works and will be executed in 4 months. Tion Seng is one of the leading building construction and civil engineering contractors in Singapore. The second order from Yong Xing Construction is for the Stanford Primary school, Ahmad Primary School and Jiemin Primary School.

 

Kridhan Infra Share Price

4.15 0.08 (1.97%)
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