Kridhan Infra, through its associate company, Econ Geotech, has forayed into Laos with a maiden order of Rs 1 billion (USD 16 million). The project entails soil stabilization and improvement for 200 hectares of land, to render it fit and suitable for construction. The project will be completed in five months.

E Econ Geotech, an associate company of KH Foges (Singapore) is one of the leading soil stabilization companies in Singapore.

Anil Agrawal, managing director of Kridhan Infra said, ''We are very excited with this order in a new geography. We have always aspired to be one of the leading foundation & engineering players in South East Asia and this order is yet another step for us towards achieving this vision. We are confident that we will be able to scale our operations in Laos garnering more orders in soil stabilization and also foundation and engineering which is our core business.''

Shares of the company gained Rs 0.4, or 0.47%, to trade at Rs 85.00. The total volume of shares traded was 178,913 at the BSE (2.10 p.m., Thursday).