KNR Constructions rises on receiving LoA for project in Telangana
KNR Constructions is currently trading at Rs. 199.45, up by 1.05 points or 0.53% from its previous closing of Rs. 198.40 on the BSE.
The scrip opened at Rs. 200.00 and has touched a high and low of Rs. 202.00 and Rs. 198.15 respectively. So far 39944 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 357.15 on 16-Dec-2024 and a 52 week low of Rs. 189.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 208.00 and Rs. 193.35 respectively. The current market cap of the company is Rs. 5602.19 crore.
The promoters holding in the company stood at 48.81%, while Institutions and Non-Institutions held 32.17% and 19.03% respectively.
KNR Constructions has received Letter of Acceptance (LoA) from Greater Hyderabad Municipal Corporation for a project in Telangana. The LoA is for construction of 3 lane flyover on LHS (towards Ameerpet) and 3 lane flyover on RHS of NH65 (towards Miyapur) at Kukatpally ‘Y’ junction under Engineering Procurement and Construction (EPC)/ Turnkey basis in the state of Telangana. The LoA is valued at around Rs 72.80 crore excluding GST. The construction period for the said project is 24 months.
KNR Constructions is a multi-domain infrastructure project development company providing (EPC) engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management.
