Readymade Steel India said KH Foges Pte, Singapore, a subsidiary of the company, has bagged piling contracts worth SUSD 31 million which includes a large contract for Mass Rapid Transport Station in Singapore.

All the above orders are scheduled to be executed within six to eight months. The current order book stands at SUSD 70 million.

Commenting on the order Anil Agrawal, managing director said,"We are delighted to bag the current order which includes one of the highest contract values for KH foges."

He added that these contracts reflect the aggressive growth mode and underlying cutting edge piling capabilities of KH Foges. The capabilities have been boosted further by the recent acquisitions of PSL Engineering Pte and Rotary Piling Pte, which has given the company the strength to bag such orders and deliver it well within the time frame.

Shares of the company gained Rs 13.7, or 4.94%, to settle at Rs 291.00. The total volume of shares traded was 39,218 at the BSE (Tuesday).