Kridhan Infra has received its Maiden Piling order of Rs 420 million in India for the expansion of a steel complex at Maharashtra. The project will be executed in 12 months time.
Anil Agrawal, managing director of Kridhan Infra said, ''We have been amongst the leading piling companies in Singapore and have been looking at India as our next big growth opportunity. This first order has been an encouraging development for our team. I am confident that with our technical knowledge and expertise, we shall grow and strengthen our foothold in India. With the increasing focus on infrastructure development in India and our vast experience in piling, Kridhan is definitely well positioned to capitalize on this large opportunity in the Indian sector.''
Shares of the company gained Rs 1.95, or 2.92%, to trade at Rs 68.75. The total volume of shares traded was 56,319 at the BSE (1.54 p.m., Friday).