Order Win / EPC Contract
KNR Constructions Receives ₹235.07 Crore EPC Flyover Project from Malkajgiri Municipal Corporation
NSE
knrcon
BSE
532942
KNR Constructions Limited has received a Letter of Acceptance (LoA) from Malkajgiri Municipal Corporation, Hyderabad, for construction of a six-lane bi-directional flyover corridor in Telangana. The EPC turnkey project is valued at ₹235.07 crore (excluding GST) and is scheduled for completion within 24 months.
PRICE-SENSITIVE TRIGGER
Event: Receipt of Letter of Acceptance for urban flyover infrastructure project.
Type: Order Win / EPC Contract
Impact: Positive
Immediate Effect: Strengthens KNR Constructions’ order book with a new urban infrastructure EPC project and enhances revenue visibility over the next two years.
Key Metrics:
- Order Value: ₹235.07 crore
- Contract Type: EPC (Engineering, Procurement & Construction) Turnkey
- Project Location: Hyderabad, Telangana
- Construction Period: 24 months
- GST: Excluded from contract value
Highlight:
- KNR Constructions secured a ₹235.07 crore EPC flyover project from Malkajgiri Municipal Corporation with a 24-month execution timeline.
What Happened ?
KNR Constructions Limited informed stock exchanges that it has received a Letter of Acceptance from Malkajgiri Municipal Corporation, Hyderabad.
The contract involves construction of a six-lane bi-directional flyover crossing TKR College Junction, Gayatri Nagar Junction and Mandamallamma Junction in Telangana. The project will be executed on an Engineering, Procurement and Construction (EPC) turnkey basis.
The awarded contract carries a value of ₹235.07 crore excluding GST and is expected to be completed within 24 months from commencement.
Key Details
Project Scope & Execution:
- Awarding Authority: Malkajgiri Municipal Corporation, Hyderabad.
- Project Type: Urban transportation infrastructure.
- Execution Model: EPC / Turnkey basis.
- Scope includes construction of a six-lane bi-directional flyover.
- Flyover corridor covers TKR College Junction, Gayatri Nagar Junction and Mandamallamma Junction.
- Project aimed at improving urban traffic flow and road connectivity in Hyderabad.
- Construction period fixed at 24 months.
Business Significance:
- Adds a fresh urban infrastructure project to KNR’s execution portfolio.
- Supports medium-term revenue visibility through a two-year execution cycle.
- Reinforces KNR’s position in transportation and civil infrastructure construction.
- Expands presence in Telangana’s municipal infrastructure development segment.
Note:
- The company received the Letter of Acceptance on 9 June 2026 and disclosed the project under Regulation 30 of SEBI (LODR) Regulations, 2015.
Risk Analysis
Summary:
- The project is a standard EPC infrastructure contract with execution-related risks typical of civil construction projects.
Key Risks:
- Timely execution will be critical to maintain project profitability.
- Potential cost escalation in materials and labour during the execution period.
- Delays in approvals, utility shifting or site handover could impact timelines.
- Working capital requirements may increase during project mobilization and execution.
- Weather and local construction conditions may affect project progress.
Worst Case Scenario:
- Extended execution delays or cost overruns could reduce project margins and defer revenue recognition.
Risk Level: Low
Company Commentary
- KNR Constructions confirmed receipt of the Letter of Acceptance from Malkajgiri Municipal Corporation.
- The project will be executed on an EPC/Turnkey basis.
- Contract value stands at ₹235.07 crore excluding GST.
- Construction period has been specified as 24 months.
Official Exchange Filing: KNR Constructions Limited