KNR Constructions Limited has informed the Exchange regarding 'Receipt of claims'.
KNRCON · price
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KNR Constructions Limited has received Rs 32.87 crores as its share of claims from the National Highways Authority of India (NHAI). The amount includes a principal of Rs 25.98 crores and interest of Rs 6.89 crores for the Hubli-Hospet section of NH-63. The settlement was signed on 30th March 2026 between NHAI and BSCPL Infrastructure-KNR Constructions JV, with the amount received on 23rd April 2026. The dispute was resolved through the Conciliation Committee of Independent Experts (CCIE).
The receipt of Rs 32.87 crores is a positive cash inflow for the company, representing successful resolution of a dispute related to a highway project. This improves the company's cash position but does not represent new business or revenue growth.