KNR Constructions received a Rs 1,396.54 crore letter of acceptance from HMDA for an elevated corridor from ICCC Banjara Hills to Shilpa Layout.

Orders · Finvezto · 5 Nov 2026 · KNR Constructions (KNRCON)

What happened

KNR Constructions Limited has received a Letter of Acceptance from the Hyderabad Metropolitan Development Authority for a project worth Rs 1,396.54 crore excluding GST. Source: NSE filing

The contract involves the construction of an elevated corridor from ICCC Banjara Hills to Shilpa Layout Flyover Road in Hyderabad, Telangana, with a completion period of 24 months. Source: NSE filing

Key numbers

• Contract value (excluding GST): 13,96,54,08,900 Rs

Why it matters

Anand Ganapathy K: HMDA had tendered the Hyderabad corridor at about Rs 1,656 crore. The award follows GHMC's cancellation of KNR's Rs 157.5 crore Banjara Hills flyover contract in October. Source: Stock note

Links

NSE filing (PDF) · Company page

Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.