Mumbai, Jan 9 : Kridhan Infra Limited has said that its Singapore Subsidiary Swee Hong Limited (SHL), together with its step-down subsidiaries, has successfully secured a contract from the Public Utilities Board worth SGD 32.5 million (Rs 167.6 crores) in aggregate for construction of link sewers for the DTSS Phase 2 Project at Old Choa Chu Kang Road/ Jalan Bahar, in Singapore.
KIL acquired a majority stake in Swee Hong limited in 2016, company said in a filing with BSE.
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 has built a robust order book by successfully bidding for new contracts. (UNI)