KNR Constructions gained 1.51% to Rs 261.95 after receiving a letter of acceptance (LoA) for a greenfield highway project in Andhra Pradesh. “Development of six lane access controlled greenfield highway from Marripudi to Somvarappadu of Bengaluru-Vijayawada economic corridor on hybrid annuity mode (HAM) under Bharatmala Pariyojana phase-1 in the state of Andhra Pradesh (package 13″),” according to the order.
The project’s bid cost is Rs 665 crore. The project completion period is 24 months, and the operation period is 15 years from the date of commercial operation (COD). KNR Constructions is a multi-domain infrastructure development organisation that builds technically complex and high-value projects across multiple segments.