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KNR Constructions gains on bagging two projects worth Rs 2964.07 crore by NHAI

28 Mar 2018

KNR Constructions is currently trading at Rs. 284.95, up by 7.55 points or 2.72% from its previous closing of Rs. 277.40 on the BSE.

The scrip opened at Rs. 277.00 and has touched a high and low of Rs. 285.60 and Rs. 277.00 respectively. So far 20187 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 348.80 on 27-Dec-2017 and a 52 week low of Rs. 177.55 on 28-Mar-2017.

Last one week high and low of the scrip stood at Rs. 300.85 and Rs. 276.40 respectively. The current market cap of the company is Rs. 3979.47 crore.

The promoters holding in the company stood at 55.38%, while Institutions and Non-Institutions held 32.55% and 12.07% respectively.

KNR Constructions has bagged two Hybrid Annuity Projects with Bid Project Cost of Rs 2964.07 crore from National Highways Authority of India (NHAI).

The first project is for construction of six Laning of NH-140 from Chittor (Design Km 0.000 / Existing Km 158.000 of NH-4) to Mallavaram (Design Km 61.128 / Existing Km 41.800 of NH-140) (Design Length = 61.128 Km) in the state of Andhra Pradesh under Bhartmala Pariyojana with a concession period of 17.5 Years including construction period of 2.5 Years from the appointed date, with a Bid Project Cost of Rs 1730.07 crore.

The second project is for construction of Four laning of NH-161 from Ramsanpalle (Design Km 39.980 / Existing Km 44.757) to Mangloor (Design Km 86.788/Existing Km 91.350) (Design Length 46.808 Km) in the State of Telangana under Bharatmala Pariyojana with a concession period of 17 Years including construction period of 2 Years from the appointed date, with a Bid Project Cost of Rs 1234.00 crore.

KNR Construction 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.

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SEBI Registered: Investment Adviser - INA000013323