Signing of Concession Agreement
KNRCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
KNR Constructions' wholly-owned subsidiary, KNR Manyamkonda Infra Private Limited, has signed a Concession Agreement with NHAI on 11th May 2026 for a 4-laning project on NH-167 covering 80.01 km from Gudebellur to Mahabubnagar in Telangana. The project falls under the Hybrid Annuity Mode (HAM) and is part of the Hyderabad–Panaji highway section. The company received the Letter of Award (LOA) on 28th March 2026. This confirms a major new infrastructure order win from a government client.
The signing is a positive signal as it converts the LOA into a binding concession agreement, confirming a substantial road infrastructure order that could significantly contribute to KNR Constructions' order book and revenue over the project execution period.