09 Jun 2026
KNR Constructions' joint venture secured a ₹3,361 crore coal mine development contract from SECL for the Kusmunda open-cast project in Chhattisgarh.
The contract equals approximately 91% of KNR's current market capitalisation, and coal mine development marks a significant diversification from the company's core road construction business.
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.