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KNR Constructions Limited ( (IN:KNRCON) ) just unveiled an update.
KNR Constructions Limited has received a Letter of Acceptance from Hyderabad Growth Corridor Limited for a road infrastructure project in Telangana, involving the widening and strengthening of the pipeline road from Shankarpally road at MGIT to Manikonda and junction development at NPCI. The contract is valued at about Rs 83.65 crore, excluding GST, with a construction period of nine months, adding to KNR’s order book and reinforcing its position in the regional road infrastructure segment, while the company has also briefly closed its trading window in line with insider trading prevention norms.
More about KNR Constructions Limited
KNR Constructions Limited is an India-based infrastructure and civil construction company with a focus on road projects and related urban infrastructure. The company undertakes EPC contracts for highways, corridors, and associated works, serving government and public sector clients across various states, including Telangana.
Average Trading Volume: 77,196
Technical Sentiment Signal: Sell
Current Market Cap: 32.45B INR
See more insights into KNRCON stock on TipRanks’ Stock Analysis page.