KNR Constructions Share Price

KNR Constructions Limited (KNRCL) was incorporated on July 11, 1995 and commenced its business on August 9, 1995. KNRCL is an infrastructure developer engaged in the construction of highways, reservoirs, lift irrigation systems, urban corridors, grade separators and, excavating coal mines. In 1997, the Company has acquired at their book values the assets and liabilities of partnership business of M/s K Narasimha Reddi Co. (the firm) for a total consideration of Rs.3.19 Crores w.e.f. April 1, 1997. At the time of acquisition, the firm was engaged in the business of undertaking civil and mechanical contracts work. The firm was constituted in the year 1979 and was reconstituted on several occasions. Over a period of time the company has gained expertise in construction of roads on EPC basis and further diversified into other infrastructure segments like irrigation, water supply and urban water infrastructure management. In FY 2011, Company commissioned the Rs. 592 crore annuity project on the HyderabadNagpur highway, which is a 48km stretch between Islam Nagar and Kadthal NH7. This was undertaken in partnership with Patel Engineering. It also completed the road, which runs from Devanahalli in Karnataka to the Andhra Pradesh border. It bagged a Rs. 825 crore road project in Karnataka to be executed within 910 days. Company, through its 50:25:25 joint venture with JKM Infra Projects Pvt. Ltd. and Kamala Constructions, has been awarded an order worth Rs. 225.27 crore by Government of Bihar, Water Resources Department for extension, renovation and modernisation of the Eastern Kosi Canal System in the State of Bihar.In FY 201516, the project of four laning of WalayarVadakkancherry section in Kerala was completed before time in 880 days instead of 910 days, i.e. one month ahead of scheduled date of completion. The Final Completion Certificate for 100% of Project length was received on 31st October 2015. The Project received the prestigious award of Best Project Completed before Schedule Time in India from the NHAI. Toll collection commenced on this route from May 18, 2015. Out of the 4,171 km in Roads and Highway sector, 3,070 km were EPC projects, 803 km BOT projects and 351 km Hybrid Annuity projects. As on 31st March, 2016, the order book stood at about Rs. 34,635 million comprising of Rs. 34,068 million in road sector and Rs. 567 mn in irrigation projects. two laning of Muzaffarpur Barauni Project commenced in Bihar commenced on June 3, 2016 with 75% of the project length and toll operation was from June 9, 2016. During the year 201516, KNR TBCPL JV and SEL KNR JVs were formed with the Company.During 2018, 778 lane kms of BOT Projects were executed in Telangana, Karnataka, Kerala Bihar. The Company also received LOA for 4 HAM projects of Rs. 44,667 million (BPC) from NHAI, and LOA for 1 HAM project of Rs. 11,445 million (BPC) from Karnataka State.During FY 2021, the Company completed 2 BOT Toll (NHAI) projects and 2 annuity (NHAI) projects. It bagged two more projects in JV to the tune of Rs. 23,300 million. It received LOA for two HAM projects of NHAI in Kerala and one NHAI EPC road project in Karnataka in the last quarter of financial year 202021. During the year 202122, the Company issued and allotted 14,06,17,300 equity shares by way of Bonus Issue in the ratio of 1:1 on February 5, 2021 from the date of allotment.During the year 202122, the Company has acquired two Limited Liability Partnerships namely Manjeri City Infrasctructures and Developers LLP and Benedire Infrastructures and Developers LLP by subscribing to 100% partnership interest (including that of the contribution of Designated Partners) at an acquisition cost of Rs. 32.90 Crores and Rs. 4.05 Crores respectively.In 202223, the Company acquired Development of six lane accesscontrolled Greenfield Highway from Marripudi (ch. 285+500) to Somvarappadu (ch. 314+600) of NH544G BengaluruVijayawada economic corridor on HAM Mode under Bharatmala Pariyojana Phase1 in the State of Andhra Pradesh (Package 13) EPC for Rs 58 Crores Construction of Access Controlled four laning with paved shoulder from Mysore to Kushalnagara Section of NH275 on Hybrid Annuity Mode under NH(O) in the State of Karnataka (Package IV) EPC for Rs.57.50 Crores and Construction of Access Controlled four laning with paved shoulder from Mysore to Kushalnagara Section of NH275 under NH(O) in the State of 6,250 Karnataka (Package V) EPC 62.50 Crores.In 202223,the Company transferred 49% of its stake held in in two of its 100% wholly owned subsidiaries, i.e., KNR Tirumala Infra Private Limited and KNR Shankarampet Projects Private Limited on December 30, 2021 to Cube Highways and Infrastructure III Pte Limited on December 30, 2021 and as a result , they were made subsidiaries of the Company. Further, during the year 202223, the Company transferred balance 51% of its stake held in KNR Tirumala Infra Private Limited and KNR Shankarampet Projects Private Limited on October 20, 2022 and 100% of its stake in KNR Srirangam Infra Private Limited on October 14, 2022 respectively. As a result, the aforementioned companies ceased to be subsidiaries/wholly owned subsidiary of the Company.In 202223, the Company commissioned Konda Pochamma Sagar Reservoir of 50 TMC capacity with about 12 Million in the State ofTelangana constructed Nine ROBs in a single project between Madurai and Ramanathapuram with a project length of 115 km and constructed Grade Separator in Coimbatore city with a cumulative length of flyover, 2.853 km length of 1st level flyover is 1.752 km and length of 2nd level flyover is 1.101 km as a part of multipronged approach to ease traffic congestion in main city roads.In 2024, Company completed the 6laning of Marripudi to Somvarappadu NH, a part of BengaluruVijayawada Economic Corridor (KNR Ramatheertham Infra Private Limited) under Bharatmala Pariyojana Phase1 in the state of Andhra Pradesh on February 10, 2024. Further, EPC project of CheyyurVandavasiPolur Road also completed in 2024.In FY 202425, KNRCL launched two Hybrid Annuity Mode (HAM) projects for the construction of accesscontrolled fourlaning with paved shoulders from Mysore to Kushalnagara section of NH275 under NH(O) in the State of Karnataka. Package IV, located near SH117 Yelawala KR Nagara Road Junction, received its Appointed Date on April 30, 2025. Company completed the ChittoorThatchur Highway HAM project (Package III), implemented by KNR Ramagiri Infra Private Limited, a wholly owned subsidiary of the Company, under Bharatmala Pariyojana in the States of Andhra Pradesh and Tamil Nadu and made it effective from December 16, 2024. KNRC Holdings and Investments Private Limited, a wholly owned subsidiary of the Company transferred its entire shareholding in KNR Muzaffarpur Holdings Private Limited on October 29, 2024. Similarly, Company transferred its entire 0.65% shareholding in KNR Muzaffarpur Barauni Tollway Private Limited in FY25.In FY2026, KNRCL commissioned the mining project for Banhardih Coal Mining Block and obtained F1 forest clearance for the site, clearing the primary hurdle towards full operational commencement. It established KNR Manyamkonda Infra Private Limited in Telangana for the four laning of NH167 from Gudebellur to Mahabubnagar. It secured a Rs 2,163 crore Hybrid Annuity Mode (HAM) project from the Tamil Nadu State Highways Authority (TANSHA) for a fourlane elevated corridor along the East Coast Road.