Dec 4: Kridhan Infra Ltd (KIL), a Mumbai-headquartered infrastructure solutions firm, on Monday announced that its associate company Vijay Nirman Company Pvt Ltd (VNC) has received an LoI (Letter of Intent) worth Rs 105 crore.
â€œThe company has been mandated to construct major and minor bridges, etc. for Package 4 of the Mumbai â€“ Nagpur Super Communication Expressway in Maharashtra. The project is expected to be completed over a period of 12 months,â€ it said.
VNC is acclaimed as a leading player in bridge construction in India, with over 30 years of impeccable track-record. The company has seen strong order inflows in FY19 with order book at Rs 32+ bn as on 30th September, 2018.
Kridhan Infra currently owns approximately 41% stake in VNC.Â Kridhan Infraâ€™s proforma order book after consolidation of VNC in India and Swee Hong in Singapore, stands at Rs 35+ billion, as on 31st March 2018, of which, VNC contributes almost 80%.