KNR Constructions Secures LOA for Rs. 2163 Crore Elevated Corridor Project
Filing Summary
KNR Constructions Ltd has received a Letter of Award (LOA) for the construction of a four-lane elevated corridor along the East Coast Road from Thiruvanmiyur to Uthandi in SH-49. The project is valued at approximately Rs. 2163 crore and will be executed on a Hybrid Annuity Mode (HAM). The construction period is set for 1095 days, followed by a five-year operation period. The signing of the concession agreement is contingent upon the outcome of a case in the Madras High Court. The trading window for KNR Constructions’ securities will be closed from February 17 to February 19, 2026.
KNR Constructions Ltd has announced the receipt of a Letter of Award (LOA) for the construction of a four-lane elevated corridor along the East Coast Road (ECR) from Thiruvanmiyur to Uthandi in SH-49. The project is valued at approximately Rs. 2163 crore and will be executed under the Hybrid Annuity Mode (HAM).
The construction will cover the design chainage from Km. 11+480 to Km. 11/800 (West Avenue Road) and up to Km. 24+780 (East Coast Road). The project is scheduled for a construction period of 1095 days, followed by an operation period of five years from the Commercial Operation Date (COD).
The signing of the concession agreement is subject to the outcome of the W.A. No. 284 of 2026 in the Madras High Court. This legal proceeding may impact the finalization of the agreement terms.
In compliance with the “KNRCL Code of Conduct for Prevention of Insider Trading,” the trading window for dealing in the company’s securities will be closed from February 17, 2026 to February 19, 2026. This applies to all directors, officers, and designated employees covered under the code.
KNR Constructions Ltd is a prominent infrastructure development company in India, focusing on the construction of roads, highways, and other civil projects. The company prioritizes the execution of projects under various models, including EPC and HAM, to enhance its project portfolio and operational capabilities.