KNR Constructions gets ₹1,397 crore Hyderabad elevated corridor order
- Order win
- Construction
Reviewed byKeshav SehgalBlacklitt Research
KNR Constructions (NSE: KNRCON) has received a Letter of Acceptance from Hyderabad Metropolitan Development Authority (HMDA) for an elevated corridor from ICCC Banjara Hills to Shilpa Layout Flyover Road, worth ₹1,396.54 crore excluding GST, it said in a filing on 5 Nov 2026. The construction period is 24 months.
Key highlights
- Contract value excluding GST: ₹1,396.54 crore
- Construction period: 24 months
- Filing date: 5 Nov 2026
The contract in numbers
| Item | Detail |
|---|---|
| Awarded by | Hyderabad Metropolitan Development Authority (HMDA) |
| Document | Letter of Acceptance |
| Scope | Construction of an elevated corridor from ICCC Banjara Hills to Shilpa Layout Flyover Road, Hyderabad, Telangana |
| Value | ₹1,396.54 crore, excluding GST |
| Construction period | 24 months |
What the contract covers
The contract is for construction of an elevated corridor from ICCC Banjara Hills to Shilpa Layout Flyover Road in Hyderabad, Telangana. The value is ₹1,396.54 crore excluding GST, and the construction period is 24 months.
A Letter of Acceptance is a formal notice that a bid has been accepted. The company's filing describes the order as the receipt of such a letter from HMDA, and the filing is dated 5 Nov 2026.
The contract against the company's size
At the 5 Nov 2026 close of ₹107.16 a share, KNR Constructions had a market value of ₹3,014 crore. The contract's value of ₹1,396.54 crore, excluding GST, is set against that figure here.
In its latest quarter, Q1 FY27 on a consolidated basis, the company reported total income of ₹599.95 crore, down 6.0% year on year, and net profit of ₹80.72 crore, down 34.6%. The filing does not refer to those results.
What the order means for KNR Constructions shareholders
The company has an elevated corridor contract worth ₹1,396.54 crore excluding GST, to be built over 24 months. The filing does not say when work starts, how payments will be made, or what the order adds to revenue or profit.
The filing gives no other dated step after the 24-month construction period.
Filed with NSE on . Reference: Original filing (PDF)
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