KNR Shankarampet Projects Private Limited, wholly owned subsidiary of KNR Constructions Ltd has received sanction from Bank to finance its Hybrid Annuity Mode (HAM) Project.
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.
The bid project cost is Rs. 1234 crore. The construction period is 2 years and concession period is 17 years.
Shares of KNR CONSTRUCTIONS LTD. was last trading in BSE at Rs.200.9 as compared to the previous close of Rs. 206.85. The total number of shares traded during the day was 21212 in over 453 trades.
The stock hit an intraday high of Rs. 207.05 and intraday low of 198.6. The net turnover during the day was Rs. 4272218.