KNR Constructions Limited has informed the Exchange regarding 'Receipt of Provisional Certificate of Completion'.
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KNR Constructions' wholly owned subsidiary, KNR Ramagiri Infra Private Limited, has received the Provisional Certificate of Completion for the Six Lane Chittoor-Thatchur Highway (Package III) under the government's Bharatmala Pariyojana. The project, with a bid cost of Rs 1,041.50 crores, spans Andhra Pradesh and Tamil Nadu and was built on Hybrid Annuity Mode. The project was completed on 16th December 2024, which is 40 days ahead of the scheduled completion date of 24th January 2025. Due to the early delivery, the company has earned a bonus of Rs 3.26 crores plus applicable GST. The project was originally appointed on 25th January 2023 with a 730-day construction period.
This is a positive operational update, reflecting strong project execution capabilities by finishing 40 days ahead of schedule. While the bonus amount is modest relative to the project size, completing a major government highway on time or early strengthens KNR's credibility for future infrastructure bids under Bharatmala and similar programs.