KNR Constructions wins Rs 235 Cr flyover order in Telangana
KNRCON · price
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On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.1 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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KNR Constructions has received a Letter of Acceptance from Malkajgiri Municipal Corporation, Hyderabad, for building a 6-lane bidirectional flyover crossing TKR College, Gayatri Nagar, and Mandamallamma junctions in Telangana on EPC turnkey basis. The project is worth Rs 235.07 Crores excluding GST, with a 24-month construction period.
Positive for order book; new government-backed EPC win supports revenue visibility over the next two years.