GHMC cancels Rs 157.55 crore flyover and underpass order

Major Contract CancelledBusiness Updates View source PDF Explain this filing

KNRCON · price

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Price reactionminutes from the announcement price · days from the prior close

+2.2%Reaction day

₹97.82

prior close

₹99.66

announcement price

In-mkt

timing

Nifty Microcap 250market+1.7%+0.5% vs market

Civil Construction peers, median of 96sector+1.1%+1.1% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 1.1 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+2.2+1.7+0.5+1.1+1.1

Next day

+3.5+1.8+1.7+0.8+2.7

+3.1+2.5+0.7+1.8+1.3

+0.7pendingpending-0.0+0.7

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 96Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Greater Hyderabad Municipal Corporation has revoked KNR Constructions' order for two Banjara Hills road projects due to cancellation. The work included a two-lane flyover at NFCL Junction and a two-lane underpass plus three-lane flyover at TV9 Junction, worth Rs 157.55 crore excluding taxes. The order was received on 29 August 2026.

Likely market impact

The cancellation removes a Rs 157.55 crore project opportunity and expected revenue, which may weigh on the stock and business outlook.