Kridhan Infra has signed a definitive Share Purchase Agreement (SPA) with institutional and other investors of Vijay Nirman Company (VNC) to acquire a 36.60% stake in VNC. This acquisition strengthens the company’s India business by adding a strong execution team. Also, VNC business strongly complements Kridhan’s global EPC skill set.
Vijay Nirman Company is a pedigreed private construction company with over 35 years of operations. It has generated more than Rs 6,500 crore in revenues in last 10 years. The company has a current order book of Rs 2,500 crore to be executed over 18-24 months.
Kridhan Infra has evolved from a steel products manufacturer to a niche foundation engineering company.