KNR Constructions’ joint venture (JV) -- M/s KNRCL-HCPL, in which the company holds 74% stake, has received Letter of Acceptance (LoA) from Patratu Vidyut Utpadan Nigam (a subsidiary of NTPC in joint venture with JBVNL) for short term contract for development and operation of Banhardih Coal Mining Block in the state of Jharkhand.
The total value of contract is Rs 4,800.57 crore (excluding GST) with a contract period of 5 operating years plus initial development stage period of 360 days. The said mining block is estimated to have a coal reserve of 34.50 million Tonne.
KNR Constructions 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.
