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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
04 July, 2025 14:50 IST
Kridhan Infra's associate Co bags orders worth Rs 1.05 bn
Source: IRIS | 05 Dec, 2018, 10.06AM
Rating: NAN / 5 stars.
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Kridhan Infra (KIL) is happy to announce that its associate company Vijay Nirman Company Private (VNC) has received a LoI (Letter of Intent) worth Rs 1.05 billion.

The company has been mandated to construct major and minor bridges, etc. for Package 4 of the Mumbai-Nagpur Super Communication Expressway in Maharashtra. The project is expected to be completed over a period of 12 months.

VNC is acclaimed as a leading player in bridge construction in India, with over 30 years of impeccable track-record. The company has seen strong order inflows in FY19 with order book at INR 32+ bn as on September 30, 2018.

Apart from EPC projects within the roads and bridges segment, affordable housing is a major growth driver for VNC and the segment constitutes a significant proportion of VNC’s un-executed order book. KIL currently owns approximately 41% stake in VNC and hence, VNC operates as an associate company of KIL.

Shares of the company gained Rs 2.55, or 5.44%, to trade at Rs 49.45. The total volume of shares traded was 16,733 at the BSE (9.59 a.m., Wednesday).

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