KNR Constructions has received two Hybrid Annuity Projects (HAM) with total bid project cost of Rs. 2964.07 Cr from National Highways Authority of India (NHAI).
Following are the two HAM projects:
1. Six laning of NH-140 from Chittor to Mallavaram (Design Length = 61.128Km) in the state of Andhra Pradesh under Bhartmala Pariyojana The project is with a concession period of 17.5 years including construction period of 2.5 years from the appointed date, with a bid project cost of Rs 1730.07cr.
2. Four laning of NH-161 from Ramsanpalle to Mangloor (Design Length = 46.808 Km) in the state of Telangana under Bharatmala Pariyojana. The project is with a concession period of 17 years including construction period of 2 years from the appointed date, with a bid project cost of Rs 1234.00cr.
KNR Constructions is an infrastructure development company providing engineering, procurement and construction services across various fast-growing sectors, namely, roads and highways, irrigation and urban water infrastructure management.
KNR Constructions is currently trading at Rs 285.05 up by Rs 2.95 or 1.05% from its previous closing of Rs 282.10 on the BSE. The stock is currently trading below its 50 DMA.