KNR Constructions

KNR Constructions received a revocation of the letter of acceptance for construction of a two-lane flyover at NFCL Junction and an underpass and three-lane flyover at TV9 Junction in Banjara Hills, Hyderabad, from the Greater Hyderabad Municipal Corporation. The engineering, procurement and construction work had been awarded in late August 2026 and was valued at Rs157.54 crore excluding GST. Urban flyover and ancillary jobs at the company ranged from about Rs50 crore to Rs730 crore, with the order book at Rs8,667 crore in August 2026. Standalone revenue was Rs2,097 crore in the year to March 2026, against Rs2,698 crore on a consolidated basis. The company operated with effectively zero standalone debt, with consolidated debt housed in road special purpose vehicles.

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KNR Constructions transferred its entire equity holding in KNR Ramanattukara Infra Private Limited to Indus Infra Trust, with the sale completed on 5 October 2026. The company had invested Rs225.72 crore in the vehicle and received Rs549.14 crore as consideration, and the entity ceased to be its subsidiary on completion. The subsidiary reported turnover of Rs257.40 crore for the year to March 2026, about 9.5% of consolidated turnover, and net worth of Rs430.22 crore. The disposal was part of a December 2025 share purchase pact covering four highway vehicles for total proceeds of about Rs1,543 crore against invested equity of about Rs566.8 crore. Stakes in Palani and Ramagiri moved in June 2026 and Guruvayur followed in September 2026 for Rs485.86 crore against Rs193.32 crore invested. KNR's standalone revenue was about Rs2,097 crore in the year to March 2026 against consolidated revenue of about Rs2,698 crore, with standalone operations carrying no net debt and borrowings housed in the highway vehicles.

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** Infrastructure developer KNR Constructions KNRL.NS shares rise as much as 4.04% to 116.41 rupees apiece; stock last up 2.4%

** Rise after KNRL says it received a consideration of 5.49 billion rupees ($57 million) for transferring all its equity stake in its unit KNR Ramanattukara Infra to Indus Infra Trust

** Sale completed on Monday, KNRL says in an exchange filing

** KNRL had invested 2.26 billion rupees in the unit, which had a net worth of 4.30 billion rupees as of March 31, 2026

** KNRL shares are down 29.7% in 2026 so far, according to exchange data

($1 = 96.4325 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

KNR Constructions received penalty orders aggregating about Rs 91.85 crore for assessment years 2017-18 through 2020-21 under Section 270A of the Income Tax Act. The orders were issued by the Assistant Commissioner of Income Tax, Central Circle 2(2) Hyderabad, and were received on 29 and 30 September 2026, with the largest demand of about Rs 56.40 crore for 2019-20. It intended to file appeals against the demands within the stipulated timeline. The Commissioner of Income Tax (Appeals) had deleted penalties of Rs 18.22 crore for 2007-08 and Rs 9.35 crore for 2021-22 in orders received on 17 and 23 September 2026. The company reported standalone revenue of about Rs 2,097 crore and consolidated revenue of about Rs 2,698 crore in FY26, with standalone operations debt-free and borrowings housed in HAM project SPVs.

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Sept 30 (Reuters) - KNR Constructions Ltd KNRL.NS:

• RECEIVES PENALTY ORDERS TOTALING 918.5 MILLION RUPEES

Source text: ID:nNSE9gwGfM

Further company coverage: KNRL.NS

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KNR Constructions received a Letter of Acceptance from the Greater Hyderabad Municipal Corporation for a ₹157.546 crore, excluding-GST EPC project in Hyderabad's Banjara Hills. The work covers a two-lane unidirectional flyover at NFCL Junction and a two-lane underpass and three-lane unidirectional flyover at TV9 Junction, with construction scheduled over 24 months. The company reported FY26 standalone revenue of ₹2,097 crore and consolidated revenue of ₹2,698 crore. Its order book was ₹15,234 crore, with mining accounting for 45% and roads for 38% of the disclosed project mix.

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HDFC Mutual Fund's schemes sold 59,16,764 KNR Constructions shares through the open market on August 14, reducing their aggregate holding from 5.45% to 3.34%. HDFC Mid Cap Fund was the named scheme, with HDFC Trustee Company Limited as the account holder. KNR Constructions reported standalone revenue of ₹2,097 crore and consolidated revenue of ₹2,698 crore for the year ended March 2026. Its total order book stood at ₹15,234 crore, with mining accounting for 45% and roads for 38%.

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KNR Constructions received a Letter of Acceptance from South Eastern Coalfields for coal mining and associated overburden-removal work at Kusmunda OCP in Chhattisgarh, in a joint venture with Sushee Infra & Mining; the project cost was ₹3,361 crore on an item-rate basis and the project period was eight years. It also received a ₹235 crore EPC award from Malkajgiri Municipal Corporation for a six-lane bi-directional flyover in Hyderabad, with a construction period of 24 months. KNR Constructions transferred its Palani and Ramagiri infrastructure projects to Indus Infra Trust for consideration of ₹295 crore and ₹227 crore respectively. Consolidated revenue for the June quarter fell 4% year on year to ₹587.9 crore, while EBITDA declined 47% to ₹96.4 crore and profit after tax fell 35% to ₹80.7 crore. Its order book stood at ₹8,667 crore at June 30, including ₹3,552 crore of mining work. Standalone revenue had declined from ₹4,091 crore in FY24 to ₹2,097 crore in FY26, while mining accounted for about 41% of the order book at September 2025.

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Aug 13 (Reuters) - KNR Constructions Ltd KNRL.NS:

• JUNE-QUARTER CONSOL NET PAT 808.1 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.88 BILLION RUPEES

• ONE-TIME GAIN OF 113.2 MILLION RUPEES IN JUNE-QUARTER

Source text:

Further company coverage: KNRL.NS

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KNR Constructions has received a Letter of Acceptance from the Malkajgiri Municipal Corporation to build a six-lane bidirectional flyover across three junctions in Hyderabad for ₹235.07 crore excluding GST. The project, awarded on an Engineering Procurement Construction basis, is to be completed within 24 months. The order adds to a busy order booking period for the company, which had already secured contracts worth over ₹5,600 crore in recent weeks across road and mining projects.

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KNR Constructions has won a ₹3,361 crore coal mining contract from South Eastern Coalfields Limited for the Kusmunda open-cast project in Chhattisgarh. The work, awarded to a joint venture in which KNR holds a 51% stake, covers overburden removal, coal extraction, and transportation over an eight-year period. The order is the largest single contract in the company's history and more than doubles its existing order book of roughly ₹11,900 crore. KNR expects to begin revenue recognition from the project after obtaining final statutory clearances, with meaningful contributions likely from the fourth quarter of the current financial year.

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May 29 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS MARCH-QUARTER CONSOL NET PROFIT 1.06 BILLION RUPEES

• KNR CONSTRUCTIONS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.96 BILLION RUPEES

Source text: [ID:]

Further company coverage: KNRL.NS

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May 12 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS LTD - UNIT SIGNS CONCESSION AGREEMENT WITH NHAI

Source text: ID:nBSE4ptrK

Further company coverage: KNRL.NS

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April 21 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS LTD - RECEIVES CLAIMS OF 917.9 MILLION RUPEES AND INTEREST OF 383.1 MILLION RUPEES

Source text: ID:nBSE7S03vX

Further company coverage: KNRL.NS

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April 7 (Reuters) - Indus Infra Trust IDUI.NS:

• INDIA COMPETITION REGULATOR: APPROVES ACQUISITION OF 100% SHAREHOLDING OF KNR SPVS BY INDUS INFRA TRUST FROM KNR CONSTRUCTIONS

Further company coverage: IDUI.NS

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March 12 (Reuters) - KNR Constructions Ltd KNRL.NS:

• RECEIVES LETTER OF ACCEPTANCE FOR 4 LANE FLYOVER AT RASOOLPURA

• PROJECT VALUE IS 504.7 MILLION RUPEES

Source text: ID:nBSE6Lps4l

Further company coverage: KNRL.NS

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Feb 17 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS LTD - RECEIVES LETTER OF AWARD FOR ELEVATED CORRIDOR PROJECT

• KNR CONSTRUCTIONS LTD - GETS ORDER WORTH 21.63 BILLION RUPEES

Source text: ID:nBSEbDlCJy

Further company coverage: KNRL.NS

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Feb 5 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS DEC-QUARTER CONSOL NET PROFIT 1.03 BILLION RUPEES

• KNR CONSTRUCTIONS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.43 BILLION RUPEES

Source text: ID:nBSE58GCKB

Further company coverage: KNRL.NS

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Jan 7 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS LTD - GOT TAX ORDER FOR REFUND OF DEMAND 49.5 MILLION RUPEES

Source text: ID:nNSE5CgKMp

Further company coverage: KNRL.NS

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** Shares of KNR Constructions KNRL.NS up 6.3% to 207 rupees, set for biggest intraday pct gain in nearly three months

** Stock up after 286,083 shares change hands in a block deal at 217.6 rupees, a premium of nearly 12% over last close

** A record high of nearly 57 mln shares traded, ~103x its 30-day moving avg

** Avg rating of 17 analysts covering the stock is "hold" and median PT is 207.5 rupees

** YTD, KNRL down ~44%

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

** KNR Construction KNRL.NS falls 3.7% to 202 rupees, lowest since April 7

** Stock marks steepest intraday pct loss since May 30

** Infra developer posts ~32% y/y decline in June-quarter consol net PAT; rev from ops drops ~38% y/y

** Stock rated "hold" on average; median PT is 241 rupees, per data compiled by LSEG

** YTD, KNRL falls 41.5%

(Reporting by Rudra Pratap Singh in Bengaluru)

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June 25 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS LTD - RECEIVES LETTER OF ACCEPTANCE FOR COAL MINING PROJECT

• KNR CONSTRUCTIONS LTD - CONTRACT VALUED AT 48.01 BILLION RUPEES

• KNR CONSTRUCTIONS LTD - JV OF CO GETS CONTRACT

Source text: ID:nNSE8JKgtW

Further company coverage: KNRL.NS

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March 31 (Reuters) - KNR Constructions Ltd KNRL.NS:

• GETS PENALTY ORDER FOR 182.2 MILLION RUPEES

Source text: ID:nBSE6jnFL1

Further company coverage: KNRL.NS

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** Shares of G R Infraprojects GINF.NS surge 10.6% to 1041 rupees, their second-biggest one-day gain

** Engineering and construction co wins project worth about 42.63 billion rupees ($492.2 million) from National Highways Authority of India for road construction

** More than 832,000 shares traded, 7.5x the 30-day avg

** Still, stock is below 50-, 100-, 200- day moving avgs

** Avg of analysts rating on stock is "buy," same as that on peers Ashoka Buildcon ABDL.NS, KNR Constructions KNRL.NS; median PT on GINF is 1508 rupees - data compiled by LSEG

** Stock down 30% so far this year, after a 28.6% rise in 2024

($1 = 86.6080 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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** KNR Constructions KNRL.NS gains ~10%, eyeing best session since June 6, to 312 rupees

** Infra developer's Q2 consolidated net profit of 4.41 bln rupees ($52 mln) triples from year-ago 1.47 bln rupees

** Rev from ops up ~87% y/y to 19.45 bln rupees

** Stock top gainer on Nifty 500 .NIFTY500 and Nifty small-cap 250 .NISM250 indexes, which are down 1.1% and 2.2%, respectively

** Rise in other income, including from arbitration claims and reversal of provision, worth 545 mln rupees aided Q2 profit, says Motilal Oswal; reiterates "buy"

** KNRL up 21% YTD, outperforming NIFTY500's 14% rise and NISM250's 20% rise

($1 = 84.3940 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Oct 3 (Reuters) - KNR Constructions Ltd KNRL.NS:

• GOT 3.18 BILLION RUPEES VIA SETTLEMENT AGREEMENT WITH UNIT AND NHAI

Source text for Eikon: ID:nBSE7Lvk3z

Further company coverage: KNRL.NS

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Aug 14 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS JUNE-QUARTER CONSOL NET PAT 1.78 BILLION RUPEES

• KNR CONSTRUCTIONS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.85 BILLION RUPEES

Source text for Eikon: ID:nBSE9v4QjR

Further company coverage: KNRL.NS

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** Shares of PNC Infratech PNCI.NS up 2%, on pace to snap a four-day losing run

** PNC gets 1.15 bln rupees ($13.8 mln) as part of a contract dispute settlement between its unit and National Highways Authority of India

** Stock had lost ~6.5% over past four days, but is still up 26% YTD, incl session's gains

** YTD, its peers KNR Constructions KNRL.NS and J Kumar Infraprojects JKIP.NS have risen 1.7% and 6%, respectively

** Analysts avg rating on PNCI is "buy" - LSEG data

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

** Shares of L&T LART.NS, KNR Constructions KNRL.NS, Ashoka Buildcon ASOK.NS, J K Infraprojects JKIP.NS down 1%-3%

** India plans 11.1% increase in infra spending to 11.11 trillion rupees ($133.91 billion) in budget

** "(The increase) aligns closely with nominal growth estimates," said Pradeep Gupta, co-founder & vice-chairman, Anand Rathi Group

** "However, to address challenges of deteriorating infrastructure, India must consider a more substantial increase in investment rather than a reduction," Gupta said

** L&T 2.6% fall the most, with ABDL, KNRL and JKIP falling 1.9%, 0.9% and 1.1%, respectively

($1 = 82.9670 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of KNR Constructions KNRL.NS up 6.9% to 281.5 rupees

** Co's Sept-quarter consol net profit rose 27.8% Y/Y, revenue up 7.9%

** Centrum Institutional Research notes diversification into sectors and lower share of irrigation revenue will result in margin contraction in FY24, FY25

** Antique Stock Broking points to order backlog of 57 bln rupees ($684.80 million), says co can bill 35 bln to 40 bln rupees for next two years

** PhillipCapital flags weak order book and soft upcoming quarters in terms of execution on muted inflows in FY23 and slow project awards in H1FY24

** Over 3 mln shares change hands as of 11:52 a.m. IST, 4.9X the 30-day moving average

** Mean rating of 19 analysts is "buy"; median PT is 300 rupees - LSEG data

** Stock up 10.5% YTD

($1 = 83.2360 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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