Project News Detail

Project No :177261
Project Title :Road Project In Andhra Pradesh
Company Name : Kridhan Infra Limited
Project Detail :Kridhan Infra Limited ("KIL" or the "Company") has announced that its associate company Vijay Nirman Company Private Limited ("VNC") has won a new order worth INR 180 Crores

This order encompasses structural work for Connectivity to the Vishakhapatnam Port Road in Andhra Pradesh. The INR 180 crore order is to be completed within 15 months

KIL currently owns approximately 41% stake in VNC and hence, VNC operates as an associate company of KIL. Vijay Nirman is a pedigreed private construction company, having completed over 400 projects, in over 30 years of operations. The company has a strong technical skill set with a superior leadership team. VNC also has a vast experience in the roads and bridges segment and is well reputed for its timely execution. It generated revenues in excess of INR 8 billion in FY18

Kridhan Infra's proforma orderbook after consolidation of VNC in India and Swee Hong in Singapore, stands at INR 32 billion, as on 31st March 2018, of which, VNC contributes to almost 80%

Project Location : Vishakhapatnam - Andhra Pradesh - India
Project Industry :Roads
Project Estimation :INR 180 Cr / INR 1.8 Bn
Status :Announced