KNR Constructions Limited has announced that its wholly owned subsidiary, KNR Manyamkonda Infra Private Limited, signed a Concession Agreement with the National Highways Authority of India (NHAI) on 11th May 2026. The agreement covers the construction of 4-laning of NH-167 under the Hybrid Annuity Mode (HAM) in the state of Telangana. This disclosure was made under Regulation 30 of the SEBI Listing Regulations, 2015, and follows the company's earlier intimation dated 28th March 2026 regarding the receipt of the Letter of Award (LOA).

Project Details

The project involves 4-laning of NH-167 from Gudebellur to Mahabubnagar, forming part of the Hyderabad–Panaji Section. KNR Manyamkonda Infra Private Limited was incorporated as a wholly owned subsidiary specifically for the implementation of this project. The key details of the project are outlined below:

Subsidiary and Corporate Structure

KNR Manyamkonda Infra Private Limited is a wholly owned subsidiary of KNR Constructions, incorporated exclusively for the execution of this highway project. The signing of the Concession Agreement marks a formal contractual milestone following the earlier receipt of the Letter of Award. The disclosure was communicated to both BSE Limited and the National Stock Exchange of India Limited on 12th May 2026, in compliance with applicable listing regulations.

Regulatory Disclosure

The intimation was filed by Haritha Varanasi, Company Secretary and Compliance Officer of KNR Constructions, on 12th May 2026. The communication was submitted to the stock exchanges under reference number KNRCL/SD/2026/1049 & 1050, fulfilling the company's obligations under Regulation 30 of the SEBI Listing Regulations, 2015.

KNR Constructions Limited has successfully received ₹32.87 crores as its share of settlement claims from the National Highways Authority of India (NHAI), marking a significant financial recovery for the infrastructure company. The company formally notified the stock exchanges about this development through a regulatory filing dated 21st April 2026, with the actual payment received on 23rd April 2026.

Settlement Agreement Details

The settlement stems from agreements signed on 30th March 2026 between NHAI and the joint venture of BSCPL Infrastructure Limited-KNR Constructions Limited. The dispute resolution process was conducted through the Conciliation Committee of Independent Experts (CCIE), which facilitated the final settlement for the Hubli-Hospet section of NH-63 highway project.

Financial Breakdown

The total settlement amount of ₹32.87 crores comprises two distinct components related to the Hubli-Hospet section of NH-63 highway project. The financial breakdown demonstrates the company's successful claim recovery process with substantial interest earnings.

Project Background

The settlement relates specifically to the Hubli-Hospet section of National Highway 63 (NH-63), a project undertaken by the joint venture between BSCPL Infrastructure Limited and KNR Constructions Limited. The successful resolution of this dispute through the CCIE mechanism highlights the effectiveness of alternative dispute resolution in infrastructure projects.

Regulatory Compliance

KNR Constructions Limited disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both BSE Limited and National Stock Exchange of India Limited through official communication reference KNRCL/SD/2026/1047&1048, ensuring transparency for investors and stakeholders.

This settlement represents a positive outcome for KNR Constructions Limited, providing substantial cash flow enhancement and demonstrating the company's ability to successfully resolve contractual disputes with government authorities through established legal mechanisms.