Kridhan Infra had hit the 5% UC yesterday at Rs.9.39 yesterday and today it is currently quoted at the same level, while the 5% UC for today is at Rs.9.85.
The company announced yesterday evening that its associate company Vijay Nirman Company Private Limited (“VNC”) has secured an order worth Rs. 112 crore.
This order is for widening of Trumpet from 2 lanes to 4 lanes from Bengaluru City to Airport and back and other associated infrastructure work for Bengaluru International Airport.
Kridhan currently owns approximately 41% stake in VNC and hence, VNC operates as an associate company.