Kridhan Infra (KIL) to announce that its Singapore Subsidiary Swee Hong (SHL) has successfully won an order for Construction of Link Sewers for the DTSS Phase 2 Project from the Public Utilities Board, Singapore worth Rs 1.95 billion (SG$37.2 million).

KIL acquired a majority stake in Swee Hong in 2016. SHL is a leading EPC company in Singapore, which under KIL leadership and guidance, has had a successful business and financial turnaround. SHL has been able to fast track its legacy projects, which are near completion and is successfully bidding for new contracts to build a robust order book.

Shares of the company gained Rs 6.2, or 13.43%, to trade at Rs 52.35. The total volume of shares traded was 20,410 at the BSE (9.26 a.m., Tuesday).