KNR Constructions’ wholly owned subsidiary -- KNR Shankarampet Projects has received sanction letter from Bank to finance its Hybrid Annuity Mode (HAM) Projects. KNR Shankarampet Projects has received sanction letters for four laning of Ramsanpalle to Mangloor section of NH - 161 in the State of Telangana under Nharatmala Pariyojana. The bid project cost is Rs 1,234 crore and construction period is 2 years, while concession period is of 17 years.
With the receipt of above sanction letter, the company is well within the time line as specified in the Concession Agreement for Financial closure of the above project.
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.