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KNR Constructions advances with arm getting sanction letter from bank

14 Sep 2018

KNR Constructions is currently trading at Rs. 206.25, up by 5.35 points or 2.66% from its previous closing of Rs. 200.90 on the BSE.

The scrip opened at Rs. 204.00 and has touched a high and low of Rs. 213.00 and Rs. 203.65 respectively. So far 20202 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. 198.60 on 12-Sep-2018.

Last one week high and low of the scrip stood at Rs. 223.75 and Rs. 198.60 respectively. The current market cap of the company is Rs. 2924.84 crore.

The promoters holding in the company stood at 55.38%, while Institutions and Non-Institutions held 30.58% and 14.04% respectively.

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.

Related KNR Constructions Ltd. Links:

KNR Constructions Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323