● Major Contract Win:
KNR Constructions Ltd. has been awarded a significant infrastructure contract worth ₹2,163.07 crore for the construction of a four-lane elevated corridor in Chennai, Tamil Nadu.
● Project Location & Scope:
The project covers a strategic stretch along the East Coast Road (ECR) — between design chainage Km 11+480 to Km 11/800 (West Avenue Road) and up to Km 24+780, connecting Thiruvanmiyur and Uthandi on State Highway 49 (SH-49).
● Execution Model – Hybrid Annuity Mode (HAM):
The order has been awarded under the Hybrid Annuity Mode (HAM) — a public-private partnership model where project costs are shared between the government authority and the developer, ensuring long-term payment flows.
● Timeline & Operation:
• Construction period: 1,095 days from the commercial operation date (COD).
• Operation period: 5 years post-COD.
● Strategic Importance:
This elevated corridor is expected to alleviate congestion, boost connectivity, and streamline traffic along one of Chennai’s busiest coastal routes, significantly improving commuter experience.
● Regulatory Filing & Disclosure:
The company informed stock exchanges about the Letter of Acceptance (LoA) through an official regulatory filing, highlighting adherence to compliance and transparency norms.
● Legal Condition:
The signing of the final concession agreement is currently subject to the outcome of a legal matter (W.A. No. 284 of 2026) pending before the Madras High Court, which could impact the formal commencement of work.
● Impact on Market Sentiment:
Following the announcement, KNR Constructions’ share price saw upward movement, reflecting investor confidence in the company’s order book expansion and long-term growth prospects.
About KNR Constructions
KNR Constructions is a diversified infrastructure firm known for executing large-scale roads, highways, bridges, and related civil construction projects across India.