KNR Constructions Limited has successfully received a total of ₹130.10 crore following settlement agreements signed with the National Highways Authority of India (NHAI). This amount includes ₹91.79 crore in principal claims and ₹38.31 crore in accrued interest, resolving outstanding disputes settled through the Conciliation Committee of Independent Experts. These payments relate to the company’s significant infrastructure projects in Madurai and Pollachi.
Settlement Details
On April 21, 2026, KNR Constructions Limited announced the successful receipt of ₹130.10 crore from the National Highways Authority of India (NHAI). This settlement, finalized through agreements dated March 30, 2026, follows a resolution process managed by the Conciliation Committee of Independent Experts (CCIE). The total inflow comprises a gross principal amount of ₹91.79 crore and an interest component of ₹38.31 crore.
Breakdown of Recovered Funds
The settlement addresses outstanding claims across two major infrastructure sections of NH 83:
- Madurai – Ramanathapuram section: The company recovered a total of ₹107.20 crore, consisting of ₹72.20 crore in principal and ₹35.00 crore in interest.
- Pollachi – Coimbatore section: The company recovered a total of ₹22.90 crore, consisting of ₹19.59 crore in principal and ₹3.31 crore in interest.
Strategic Impact
The resolution of these claims provides a positive boost to the company’s cash flow position. By successfully navigating the conciliation process for these specific highway projects, KNR Constructions has cleared pending financial hurdles, allowing for better capital allocation and strengthening its balance sheet for ongoing and future infrastructure endeavors.
Source: BSE
