KNR Constructions Limited has announced the successful receipt of its share of claims amounting to Rs 32.87 crore. This settlement pertains to a joint venture with BSCPL Infrastructure Limited regarding the Hubli-Hospet section of NH-63. The total payout includes a principal sum of Rs 25.98 crore and accrued interest of Rs 6.89 crore, which were processed following an agreement with the National Highways Authority of India.
Settlement Overview
KNR Constructions Limited (KNRCL) has successfully concluded a claims process through its joint venture with BSCPL Infrastructure Limited. The company confirmed the receipt of its share of the settlement on April 23, 2026. This resolution follows a formal settlement agreement signed on March 30, 2026, involving the National Highways Authority of India.
Financial Breakdown
The settlement addresses outstanding claims associated with the Hubli-Hospet section of NH-63. The financial resolution is structured as follows:
- Principal Amount: Rs 25.98 crore
- Interest Amount: Rs 6.89 crore
- Total Realized Amount: Rs 32.87 crore
Resolution Context
The dispute, which had been pending under the review of the Conciliation Committee of Independent Experts (CCIE), has now been resolved to the satisfaction of the involved parties. This settlement provides clarity on the project receivables and improves the cash flow position for the joint venture stakeholders.
Source: BSE
