KNR Constructions JV receives ₹32.87 Cr claim from NHAI settlement
KNR Constructions Limited (KNRCL) received its share of claims worth ₹32.87 Crores, including ₹6.89 Crores in interest, from a settlement with NHAI. This pertains to the Hubli-Hospet section of NH-63. The claims were received on April 23, 2026, following agreements signed on March 30, 2026.
The amount received is material for the company and resolves a dispute, positively impacting its financials and operational clarity.
The company has received a significant claim amount through a settlement agreement, which is a positive financial development.
KNR Constructions Limited (KNRCL) has announced the receipt of its share of claims amounting to ₹32.87 Crores, including an interest component of ₹6.89 Crores. This receipt is pursuant to Settlement Agreements executed between the National Highways Authority of India (NHAI) and BSCPL Infrastructure Limited - KNR Constructions Limited (JV).
The settlement agreements were signed on March 30, 2026. The dispute was previously filed with the Conciliation Committee of Independent Experts (CCIE).
The company's share of claims pertains to the Hubli-Hospet section of NH-63. The principal amount is ₹25.98 Crores, with an additional ₹6.89 Crores as interest. The claims were received on April 23, 2026.
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