Kridhan Infra hits upper circuit on new order

Kridhan Infra’s associate company, Vijay Nirman Company has secured an order worth Rs. 112 crore. The shares of Kridhan Infra hit its upper circuit as soon as the trading session began on Thursday.

The company has bagged the order 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 Infra currently owns approximately 41 per cent stake in VNC and hence, VNC operates as an associate of the company.

Kridhan Infra is an infrastructure solutions company. The company is one of the pioneers in introducing the concept of ready to use steel for the construction industry in the country.

The promoters holding in the company stood at 47.15 per cent, while Institutions and Non-Institutions held 17.06 per cent and 35.78 per cent respectively.

The shares of Kridhan Infra on Thursday opened at Rs. 9.85, hitting upper circuit against Wednesday’s close of Rs. 9.39. Its 52-week high was Rs. 71.55 and 52-week low was Rs. 8.13 per share on the BSE.