Key Event Details
KNR Constructions Limited has intimated the Bombay Stock Exchange and National Stock Exchange of India that the company has received a letter of revocation for a previously awarded project. This communication references the company's earlier intimation dated August 29, 2026, regarding receipt of a Letter of Acceptance from Greater Hyderabad Municipal Corporation (GHMC).
Project Specifications
The revoked project involved:
- Construction of 2-lane unidirectional flyover at NFCL Junction, Banjara Hills, GHMC
- Construction of 2-lane unidirectional underpass and 3-lane unidirectional flyover at TV9 Junction, Banjara Hills, GHMC
- Project execution under Engineering Procurement and Construction (EPC) model
- Location: Telangana state
- Contract value: ₹157,54,60,000 (Rupees One Hundred and Fifty-Seven Crores Fifty-Four Lakhs Sixty Thousand Only) excluding GST
Reason for Revocation
The revocation was issued due to cancellation of the aforementioned project by the client, Greater Hyderabad Municipal Corporation.
Financial Impact
The disclosure does not quantify the financial impact of the project revocation on the company's operations or financial position.