Highlights

• KNR Constructions received LOA from NHAI dated March 27, 2026.
• Project involves 4-laning of NH-167 stretch in Telangana under HAM model.
• Stock recorded notable intraday movement on March 30, 2026 session.

KNR Constructions (NSE:KNRCON) was among actively tracked stocks on March 30, 2026. The stock traded at ₹ 199.62, up 9.12%. The stock opened at ₹ 112.77 and moved within a range of ₹ 112.00 to ₹ 123.50 during the session. The previous closing price stood at ₹ 109.62, while the VWAP was recorded at ₹ 120.23.

Source:TradingView

Project Scope and Location

The awarded project spans approximately 80.01 kilometers in the state of Telangana. It involves upgrading the highway to four lanes under the National Highways (Original) framework.

The stretch runs from Design Km 182+930 to Km 262+940, forming part of a key inter-state corridor. The scope includes construction and associated infrastructure development for the designated section.

Project Value and Execution Model

The bid project cost for the awarded contract stands at ₹ 1,734.00 crore. The project will be executed under the Hybrid Annuity Mode (HAM), a model commonly used in highway development projects.

Under HAM, project execution involves a mix of government support and developer participation, with defined construction and operational phases.

Timeline and Operational Period

The construction period for the project is specified as 730 days. Post completion, the project will enter an operational phase with a concession period of 15 years from the Commercial Operation Date (COD).

Key Risks

• Project execution risks including delays and cost overruns.
• Dependence on regulatory approvals and compliance requirements.
• Long operational period may expose project to traffic and revenue variability.
• HAM model involves funding structure complexities and cash flow timing.

Summary

KNR Constructions Limited received a Letter of Award from NHAI for a ₹ 1,734 crore highway project in Telangana, covering an 80.01 km stretch under Hybrid Annuity Mode. The project includes a 730-day construction timeline and a 15-year operational period. The stock recorded intraday movement on March 30, 2026, alongside the disclosure made under SEBI regulations.

FAQs

1. What is the value of the highway project awarded to KNR Constructions?
   The project has a bid cost of approximately ₹ 1,734 crore under Hybrid Annuity Mode.
2. What is the length of the NH-167 project awarded?
   The project covers a total stretch of approximately 80.01 kilometers in Telangana.
3. What is the execution timeline for the awarded project?
   The construction period is 730 days followed by a 15-year operational period.