KNR Constructions Limited has informed the Exchange about Bagging/Receiving of orders/contracts
KNRCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
KNR Constructions has received a Letter of Acceptance from the Greater Hyderabad Municipal Corporation (GHMC) for building a 4-lane unidirectional flyover at Rasoolpura in Telangana. The project will be executed on an EPC/Turnkey basis at a contract value of Rs. 50.47 crores (excluding GST). The construction period is 24 months. The order is from a municipal body and is part of the company's urban infrastructure portfolio.
Modest positive: the order adds Rs. 50.47 crores to the order book and provides short-term revenue visibility, but the size is relatively small and unlikely to materially move the stock. Supports the company's Hyderabad/Telangana urban infrastructure presence.