KNR Constructions Limited (KNRCL) announced the receipt of a Letter of Award (LOA) for a significant Hybrid Annuity Mode (HAM) project. The contract is for constructing a Four Lane Elevated Corridor along the East Coast Road (ECR) in Tamil Nadu. The total project cost is valued at ₹2,163.07 crore. The construction phase is set for completion within 1095 days, followed by a 5-year operation period post-COD, subject to the outcome of a pending Madras High Court case.
Receipt of Letter of Award for ECR Elevated Corridor
KNR Constructions Limited has officially informed the stock exchanges regarding the receipt of a Letter of Acceptance (LOA) for a major road construction project. The award is for the Construction of Four Lane Elevated Corridor along East Coast Road (ECR) on the Hybrid Annuity Mode (HAM).
Project Details and Financial Value
The project scope covers the section from design Chainage Km. 11+480 to Km. 11/800 (West Avenue Road) and extends up to Km. 24+780 (East Coast Road), connecting Thiruvanmiyur to Uthandi in SH-49.
Key financial and temporal details are as follows:
- Bid Project Cost/Price: ₹2,163.07 Crore
- Execution Mode: Hybrid Annuity Mode (HAM)
- Construction Period: 1095 days
- Operation Period: 5 Years from Commercial Operation Date (COD)
Contingency Note
The announcement specifically notes that the signing of the final Concession Agreement is contingent upon the outcome of the Writ Petition (W.A. No. 284 of 2026) currently before the Madras High Court.
Insider Trading Window Closure
Further to internal compliance, the trading window for securities of the Company will be closed from 17th February 2026 until 19th February 2026 for all Directors, Officers, and Designated employees as per the code for Prevention of Insider Trading.
Source: BSE
