Rs 3,888.40 crore order book: Civil construction company receives provisional certificate of completion for order worth Rs 1,041.50 crore
The stock is up by 19.2 per cent from its 52-week low of Rs 189.05 per share.
Today, shares of KNR Construction Ltd gained 0.40 per cent upper circuit to Rs 225.45 per share from its previous closing of Rs 224.55 per share. The stock’s 52-week high is Rs 415 per share and its 52-week low is Rs 189.05 per share.
KNR Construction Ltd. has announced the early provisional completion of the "Development of Six Lane Chittoor-Thatchur Highway (Package – III)" under the Bharatmala Pariyojana, achieved by its wholly-owned subsidiary, KNR Ramagiri Infra Private Limited, 40 days ahead of the scheduled completion date of January 24, 2025. The project, with a bid cost of Rs 1,041.50 crore and an appointed date of January 25, 2023, received its Provisional Certificate of Completion effective from December 16, 2024. This early completion entitles the company to a bonus of Rs 3.26 crore plus applicable GST, as per the terms of the Hybrid Annuity Mode project.
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KNR Constructions Ltd, founded in 1995, is a Hyderabad, India-based infrastructure development company. They specialise in Engineering, Procurement and Construction (EPC) services for various sectors including roads and highways, irrigation systems, and urban water management. Their services include building roads, bridges, and flyovers using different contracting models like EPC (design, procure, and construct), BOT (build, operate, transfer), and HAM (hybrid annuity model). They also take on irrigation projects, manage urban water infrastructure, and even have experience in agricultural projects.
The company has a market cap of over Rs 6,000 crore and its order book stands at Rs 3,888.40 crore. The shares of the company have a PE of 5x, an ROCE of 26 per cent and an ROE of 24 per cent. The stock is up by 19.2 per cent from its 52-week low of Rs 189.05 per share.
Disclaimer: The article is for informational purposes only and not investment advice.