KNR Constructions Limited has informed the Exchange regarding 'Signing of Concession Agreement'.
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Awaiting price reaction for this filing.
KNR Constructions has signed a Concession Agreement dated 26th February 2026 with Tamil Nadu State Highways Authority (TANSHA) for a road project. The project involves construction of a four-lane elevated corridor along East Coast Road (ECR) from Thiruvanmiyur to Uthandi in Tamil Nadu, covering design chainage from Km 11+480 to Km 24+780 on SH-49. The work will be executed under the Hybrid Annuity Mode (HAM) through its wholly owned subsidiary, KNR Mahabalipuram Infra Private Limited. This follows earlier intimations on 17th, 19th, and 24th February 2026 regarding the project award.
This is a routine project execution update confirming the formal start of a new HAM road project in Tamil Nadu. It adds to KNR Constructions' order book visibility but is unlikely to cause a major stock price movement on its own.