KNR Constructions Bags ₹2,163 Cr Elevated Corridor Project

KNR Constructions Limited has received a Letter of Acceptance for the construction of a four-lane elevated corridor along East Coast Road (ECR) from design chainage Km 11+480 to Km 11/800 (West Avenue Road) and up to Km 24+780 (East Coast Road), spanning Thiruvanmiyur to Uthandi on SH-49.

The ₹2,163.07 crore project will be executed under Hybrid Annuity Mode (HAM), featuring a 1,095-day construction period and a 5-year operation period from the Commercial Operation Date (COD). Signing of the concession agreement remains subject to the outcome of W.A. No. 284 of 2026 pending before the Madras High Court.

This infrastructure development enhances connectivity along Chennai's key arterial route, reducing congestion and supporting regional growth.

Shares of KNR Constructions Limited was last trading in BSE at Rs. 145.25 as compared to the previous close of Rs. 137.35. The total number of shares traded during the day was 106875 in over 1221 trades.

The stock hit an intraday high of Rs. 147.90 and intraday low of 136.80. The net turnover during the day was Rs. 15419374.00.

Source : Equity Bulls

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