KNR Constructions jumps after Rs 1,734 crore NHAI order

KNR Constructions surged 7.75% to Rs 118.20 after the company announced the receipt of a project award from the National Highways Authority of India.

In a regulatory filing dated 28 March 2026, KNR Constructions said it has received a Letter of Award for the construction of a four-lane stretch of NH-167 from Gudebellur to Mahabubnagar in Telangana. The project spans 80.01 km and is part of the Hyderabad?Panaji highway corridor.

The total project cost stands at Rs 1,734 crore and will be executed under the Hybrid Annuity Mode (HAM), a model that combines government support with private sector participation. The construction period is set at 730 days, followed by an operation period of 15 years from the commercial operation date.

Hyderabad-based KNR Constructions operates in the infrastructure sector, undertaking projects across highways, flyovers, bridges, irrigation, urban water management and urban development.

The company's consolidated net profit tanked 58.6% to Rs 102.80 crore on a 12.4% decline in revenue from operations to Rs 743.20 crore in Q3 December 2025 over Q3 December 2024.

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