KNR Constructions Limited, a prominent infrastructure development company, has secured a significant Engineering, Procurement, and Construction (EPC) project in Hyderabad. The company has been awarded a contract worth ₹72.8 crore by the Greater Hyderabad Municipal Corporation (GHMC) for the construction of flyovers at the Kukatpally 'Y' Junction.

Project Details

The project involves the construction of two flyovers:

• A 3-lane flyover on the left-hand side (LHS) towards Ameerpet
• A 3-lane flyover on the right-hand side (RHS) of NH65 towards Miyapur

According to the Letter of Acceptance received by KNR Constructions, the exact contract value is ₹72,80,07,528 (Seventy-Two Crores Eighty Lakhs Seven Thousand Five Hundred and Twenty-Eight Rupees), excluding GST.

Project Timeline

The construction period for this ambitious project has been set at 24 months.

Company's Disclosure

In compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, KNR Constructions promptly informed the stock exchanges about this development. The company's disclosure was signed by Haritha Varanasi, the Company Secretary of KNR Constructions Limited.

Impact on Trading

As part of their commitment to preventing insider trading, KNR Constructions has announced that the trading window for dealing in the company's securities has been closed. This measure ensures fair trading practices and maintains market integrity during this significant period for the company.

About the Project

The flyover project at Kukatpally 'Y' Junction is expected to significantly improve traffic flow in one of Hyderabad's busiest areas. Kukatpally, known for its commercial and residential developments, has been facing increasing traffic congestion. This infrastructure upgrade aims to alleviate these issues and enhance urban mobility in the rapidly growing city.

This contract win underscores KNR Constructions' strong position in the infrastructure sector and its continued trust from municipal authorities for executing critical urban development projects. The successful completion of this project could potentially open doors for more such opportunities in the future, contributing to the company's growth trajectory in the infrastructure space.

KNR Constructions Limited, a prominent player in the infrastructure sector, has received a significant boost to its order book with a new project win in Telangana. The company announced that it has been awarded a Letter of Acceptance for a major infrastructure development project valued at Rs. 459.07 crore.

Project Details

The project, to be executed on an Engineering Procurement Construction (EPC)/Turnkey basis, encompasses several key infrastructure improvements in Telangana:

1. Construction of multi-level flyovers and grade separators at two crucial junctions:

   • Khajaguda Junction
   • IIIT Junction

2. Road widening and development initiatives:

   • Expansion of a 215 feet road from CP Cyberabad Officer to Gachibowli Junction
   • Widening and development of a 150 feet road from Anjaiah Nagar to Ramky Tower Road

Project Timeline and Value

This substantial project is expected to significantly enhance the urban infrastructure and ease traffic congestion in the rapidly growing areas of Telangana.

Company Disclosure

In compliance with regulatory requirements, KNR Constructions has informed the stock exchanges about this development. The company stated in its filing:

"We herewith intimate to the Exchange that the Company is in receipt of Letter of Acceptance for Construction of Multi level flyovers/ Grade separators at two junctions namely Khajaguda Junction & IIIT Junction and widening and Development of 215 feet road from CP, Cyberabad Officer to Gachibowli Junction and widening and development of Road to 150 feet from Anjaiah Nagar to Ramky Tower Road under Engineering Procurement Construction (EPC)/ Turnkey Basis in the state of Telangana."

Trading Window Closure

As part of its commitment to regulatory compliance and prevention of insider trading, KNR Constructions has also announced a temporary closure of its trading window:

This closure is in accordance with the "KNRCL Code of Conduct for Prevention of Insider Trading" and applies to dealing in securities of the company.

The new project win underscores KNR Constructions' strong position in the infrastructure development sector and its continued focus on expanding its presence in key markets. As the company embarks on this significant project, investors and industry observers will be keenly watching its execution and the potential impact on the company's financial performance in the coming quarters.