KNR Constructions Secures ₹2,163 Crore HAM Project in Tamil Nadu
KNR Constructions Limited received a Letter of Acceptance for a ₹2,163 crore Hybrid Annuity Mode (HAM) project to construct a four-lane elevated corridor on East Coast Road, Tamil Nadu. The project has a construction period of 1095 days and a 5-year operation period. The trading window for securities will be closed from Feb 17-19, 2026.
The project value of ₹2,163 crore is substantial and represents a significant new business win for the company, likely to have a material impact on its financials and operations.
The company has secured a significant new order, which is generally positive for business growth and future revenue.
KNR Constructions Limited has announced the receipt of a Letter of Acceptance (LOA) for a significant infrastructure project. The project involves the construction of a four-lane elevated corridor along the East Coast Road (ECR) from Thiruvanmiyur to Uthandi in Tamil Nadu, on Hybrid Annuity Mode (HAM).
The total bid project cost for this endeavor is ₹2,163 crore. The construction period for the project is stipulated as 1095 days, followed by an operation period of 5 years from the Commercial Operation Date (COD).
However, the final signing of the Concession Agreement is contingent upon the outcome of a Writ Appeal (W.A. No. 284 of 2026) pending before the Madras High Court.
Separately, KNR Constructions Limited has also informed that the trading window for dealing in the securities of the Company will be closed from February 17, 2026, to February 19, 2026, in accordance with the 'KNRCL Code of Conduct for Prevention of Insider Trading'. This closure applies to all Directors, Officers, and Designated employees.
What to do with a filing like this
KNR Constructions Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by KNR Constructions Limited. Read the original for the full detail.