KNR Constructions

KNR Constructions has received a Letter of Acceptance from the Malkajgiri Municipal Corporation to build a six-lane bidirectional flyover across three junctions in Hyderabad for ₹235.07 crore excluding GST. The project, awarded on an Engineering Procurement Construction basis, is to be completed within 24 months. The order adds to a busy order booking period for the company, which had already secured contracts worth over ₹5,600 crore in recent weeks across road and mining projects.

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KNR Constructions has won a ₹3,361 crore coal mining contract from South Eastern Coalfields Limited for the Kusmunda open-cast project in Chhattisgarh. The work, awarded to a joint venture in which KNR holds a 51% stake, covers overburden removal, coal extraction, and transportation over an eight-year period. The order is the largest single contract in the company's history and more than doubles its existing order book of roughly ₹11,900 crore. KNR expects to begin revenue recognition from the project after obtaining final statutory clearances, with meaningful contributions likely from the fourth quarter of the current financial year.

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May 29 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS MARCH-QUARTER CONSOL NET PROFIT 1.06 BILLION RUPEES

• KNR CONSTRUCTIONS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.96 BILLION RUPEES

Source text: [ID:]

Further company coverage: KNRL.NS

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May 12 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS LTD - UNIT SIGNS CONCESSION AGREEMENT WITH NHAI

Source text: ID:nBSE4ptrK

Further company coverage: KNRL.NS

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April 21 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS LTD - RECEIVES CLAIMS OF 917.9 MILLION RUPEES AND INTEREST OF 383.1 MILLION RUPEES

Source text: ID:nBSE7S03vX

Further company coverage: KNRL.NS

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April 7 (Reuters) - Indus Infra Trust IDUI.NS:

• INDIA COMPETITION REGULATOR: APPROVES ACQUISITION OF 100% SHAREHOLDING OF KNR SPVS BY INDUS INFRA TRUST FROM KNR CONSTRUCTIONS

Further company coverage: IDUI.NS

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March 12 (Reuters) - KNR Constructions Ltd KNRL.NS:

• RECEIVES LETTER OF ACCEPTANCE FOR 4 LANE FLYOVER AT RASOOLPURA

• PROJECT VALUE IS 504.7 MILLION RUPEES

Source text: ID:nBSE6Lps4l

Further company coverage: KNRL.NS

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Feb 17 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS LTD - RECEIVES LETTER OF AWARD FOR ELEVATED CORRIDOR PROJECT

• KNR CONSTRUCTIONS LTD - GETS ORDER WORTH 21.63 BILLION RUPEES

Source text: ID:nBSEbDlCJy

Further company coverage: KNRL.NS

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Feb 5 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS DEC-QUARTER CONSOL NET PROFIT 1.03 BILLION RUPEES

• KNR CONSTRUCTIONS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.43 BILLION RUPEES

Source text: ID:nBSE58GCKB

Further company coverage: KNRL.NS

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Jan 7 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS LTD - GOT TAX ORDER FOR REFUND OF DEMAND 49.5 MILLION RUPEES

Source text: ID:nNSE5CgKMp

Further company coverage: KNRL.NS

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** Shares of KNR Constructions KNRL.NS up 6.3% to 207 rupees, set for biggest intraday pct gain in nearly three months

** Stock up after 286,083 shares change hands in a block deal at 217.6 rupees, a premium of nearly 12% over last close

** A record high of nearly 57 mln shares traded, ~103x its 30-day moving avg

** Avg rating of 17 analysts covering the stock is "hold" and median PT is 207.5 rupees

** YTD, KNRL down ~44%

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

** KNR Construction KNRL.NS falls 3.7% to 202 rupees, lowest since April 7

** Stock marks steepest intraday pct loss since May 30

** Infra developer posts ~32% y/y decline in June-quarter consol net PAT; rev from ops drops ~38% y/y

** Stock rated "hold" on average; median PT is 241 rupees, per data compiled by LSEG

** YTD, KNRL falls 41.5%

(Reporting by Rudra Pratap Singh in Bengaluru)

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June 25 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS LTD - RECEIVES LETTER OF ACCEPTANCE FOR COAL MINING PROJECT

• KNR CONSTRUCTIONS LTD - CONTRACT VALUED AT 48.01 BILLION RUPEES

• KNR CONSTRUCTIONS LTD - JV OF CO GETS CONTRACT

Source text: ID:nNSE8JKgtW

Further company coverage: KNRL.NS

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March 31 (Reuters) - KNR Constructions Ltd KNRL.NS:

• GETS PENALTY ORDER FOR 182.2 MILLION RUPEES

Source text: ID:nBSE6jnFL1

Further company coverage: KNRL.NS

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** Shares of G R Infraprojects GINF.NS surge 10.6% to 1041 rupees, their second-biggest one-day gain

** Engineering and construction co wins project worth about 42.63 billion rupees ($492.2 million) from National Highways Authority of India for road construction

** More than 832,000 shares traded, 7.5x the 30-day avg

** Still, stock is below 50-, 100-, 200- day moving avgs

** Avg of analysts rating on stock is "buy," same as that on peers Ashoka Buildcon ABDL.NS, KNR Constructions KNRL.NS; median PT on GINF is 1508 rupees - data compiled by LSEG

** Stock down 30% so far this year, after a 28.6% rise in 2024

($1 = 86.6080 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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** KNR Constructions KNRL.NS gains ~10%, eyeing best session since June 6, to 312 rupees

** Infra developer's Q2 consolidated net profit of 4.41 bln rupees ($52 mln) triples from year-ago 1.47 bln rupees

** Rev from ops up ~87% y/y to 19.45 bln rupees

** Stock top gainer on Nifty 500 .NIFTY500 and Nifty small-cap 250 .NISM250 indexes, which are down 1.1% and 2.2%, respectively

** Rise in other income, including from arbitration claims and reversal of provision, worth 545 mln rupees aided Q2 profit, says Motilal Oswal; reiterates "buy"

** KNRL up 21% YTD, outperforming NIFTY500's 14% rise and NISM250's 20% rise

($1 = 84.3940 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Oct 3 (Reuters) - KNR Constructions Ltd KNRL.NS:

• GOT 3.18 BILLION RUPEES VIA SETTLEMENT AGREEMENT WITH UNIT AND NHAI

Source text for Eikon: ID:nBSE7Lvk3z

Further company coverage: KNRL.NS

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Aug 14 (Reuters) - KNR Constructions Ltd KNRL.NS:

• KNR CONSTRUCTIONS JUNE-QUARTER CONSOL NET PAT 1.78 BILLION RUPEES

• KNR CONSTRUCTIONS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.85 BILLION RUPEES

Source text for Eikon: ID:nBSE9v4QjR

Further company coverage: KNRL.NS

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** Shares of PNC Infratech PNCI.NS up 2%, on pace to snap a four-day losing run

** PNC gets 1.15 bln rupees ($13.8 mln) as part of a contract dispute settlement between its unit and National Highways Authority of India

** Stock had lost ~6.5% over past four days, but is still up 26% YTD, incl session's gains

** YTD, its peers KNR Constructions KNRL.NS and J Kumar Infraprojects JKIP.NS have risen 1.7% and 6%, respectively

** Analysts avg rating on PNCI is "buy" - LSEG data

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of L&T LART.NS, KNR Constructions KNRL.NS, Ashoka Buildcon ASOK.NS, J K Infraprojects JKIP.NS down 1%-3%

** India plans 11.1% increase in infra spending to 11.11 trillion rupees ($133.91 billion) in budget

** "(The increase) aligns closely with nominal growth estimates," said Pradeep Gupta, co-founder & vice-chairman, Anand Rathi Group

** "However, to address challenges of deteriorating infrastructure, India must consider a more substantial increase in investment rather than a reduction," Gupta said

** L&T 2.6% fall the most, with ABDL, KNRL and JKIP falling 1.9%, 0.9% and 1.1%, respectively

($1 = 82.9670 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of KNR Constructions KNRL.NS up 6.9% to 281.5 rupees

** Co's Sept-quarter consol net profit rose 27.8% Y/Y, revenue up 7.9%

** Centrum Institutional Research notes diversification into sectors and lower share of irrigation revenue will result in margin contraction in FY24, FY25

** Antique Stock Broking points to order backlog of 57 bln rupees ($684.80 million), says co can bill 35 bln to 40 bln rupees for next two years

** PhillipCapital flags weak order book and soft upcoming quarters in terms of execution on muted inflows in FY23 and slow project awards in H1FY24

** Over 3 mln shares change hands as of 11:52 a.m. IST, 4.9X the 30-day moving average

** Mean rating of 19 analysts is "buy"; median PT is 300 rupees - LSEG data

** Stock up 10.5% YTD

($1 = 83.2360 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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Aug 14 (Reuters) - KNR Constructions Ltd KNRL.NS:

• INDIA'S KNR CONSTRUCTIONS JUNE-QUARTER CONSOL NET PROFIT 1.37 BILLION RUPEES VERSUS PROFIT 896.1 MILLION RUPEES

• KNR CONSTRUCTIONS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.81 BILLION RUPEES VERSUS 9.8 BILLION RUPEES

Source text for Eikon: ID:nBSE7F8fch

Further company coverage: KNRL.NS

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June 29 (Reuters) - KNR Constructions Ltd KNRL.NS:

• SIGNS CONCESSION AGREEMENT FOR KNR KAVERI INFRA PRIVATE LIMITED - HAM PROJECT

Source text for Eikon: ID:nBSE7p94QJ

Further company coverage: KNRL.NS

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** Shares of PNC Infratech Ltd PNCI.NS jumped as much as 3.47% to 324.95 rupees

** Uptick after global brokerage firm Nomura says it prefers PNCI over KNC Construction Ltd KNRL.NS

** KNRL down over 1% in Tuesday's session

** Nomura cautious on the sector citing cost inflation, elevated debt of National Highways Authority of India (NHAI) and weakness in project awards

** Flags decline in operating cash flow as another worry for the sector

** Trading volume on PNCI is 384,456 shares as of 12:22 p.m. IST, 0.9x the 30-day avg - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

May 29 (Reuters) - KNR Constructions Ltd KNRL.NS:

• MARCH-QUARTER CONSOL NET PAT 1.42 BILLION RUPEES VERSUS 1.40 BILLION RUPEES YEAR AGO

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.45 BILLION RUPEES VERSUS 11.02 BILLION RUPEES YEAR AGO

Source text for Eikon: ID:nBSE89wXQX

Further company coverage: KNRL.NS

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** Shares of KNR Constructions Ltd KNRL.NS up 2.3% at 239.85 rupees, set for biggest one-day gain since March 6

** Axis Securities calls the infrastructure company's stock as the "pick of the week"

** Says robust growth visibility, favourable industry tailwind, established track record augur well for KNRL

** Sees 17% CAGR in rev and 10% for core profit over FY22-25

** Axis Securities has a "buy" rating on the stock, with a target price of 260 rupees

** The avg rating of the 19 analysts covering KNRL is the equivalent of 'buy' and median TP is 308 rupees - Refinitiv data

** Despite the session's gains, the stock is down ~5.5% so far in April, set for its worst month since Sept

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))