Kridhan Infra stock hits upper circuit after order win

The company currently owns ~41% stake in VNC which has received the order, and hence, VNC operates as an associate company of KIL.

Sep 12, 2019 10:09 IST India Infoline News Service

Kridhan Infra
Shares of Kridhan Infra Limited jumped 5% after the company announced that its associate company Vijay Nirman Company Private Limited (“VNC”) has secured an order worth Rs112cr, 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. 

The company currently owns ~41% stake in VNC and hence, VNC operates as an associate company of KIL, it added.

Kridhan Infra Ltd is currently trading at Rs9.85, up by Rs0.46 or 4.9% from its previous closing of Rs9.39 on the BSE. The scrip opened at Rs9.85 and has touched a high and low of Rs9.85 and Rs9.85 respectively.

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