KNR Constructions secures ₹2,163 crore order in Tamil Nadu
pre-market1 source ↓written by the desknot a recommendation
- project to construct
- ₹2,163.07 crore
- for construction
- 1095 days
- from its 52-week
- 14%
KNR Constructions Limited has received a Letter of Acceptance for a ₹2,163.07 crore project to construct a four-lane elevated corridor along the East Coast Road in Tamil Nadu. The project, aimed at reducing traffic congestion, has a timeline of 1095 days for construction and a subsequent five-year operation period.
This significant order boosts KNR's order book to ₹8,849 crore, reflecting strong demand in the infrastructure sector. The stock has risen 14% from its 52-week low, indicating positive market sentiment.
Not investment advice. For informational purposes only.