KNR Constructions Shares Surge 8.5% Following ₹1,734 Crore Order Win in Telangana

KNR Constructions Share Price Rises 8.5% Following New Project Award

KNR Constructions received a letter of award from the National Highways Authority of India for a project valued at ₹1,734 crore in Telangana. The project involves the construction of an 80.01 km segment along the Hyderabad-Panaji route and will be carried out under the Hybrid Annuity Mode (HAM).

The project will have an operational period of 15 years, following a 730-day construction phase. This award adds to KNR Constructions' urban infrastructure portfolio and short-term execution schedule.

Recent Developments

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• KNR Constructions also received a new contract valued at ₹84 crore from Hyderabad Growth Corridor Limited for the enhancement and fortification of a pipeline road.
• The project is scheduled to be completed within nine months.

Financial Performance

As of Q3 FY26, KNR Constructions' orderbook totals approximately ₹8,849 crore, consisting of a mix of mining, roads-HAM, other roads, and irrigation projects.

In Q3 FY26, KNR Constructions reported a net profit of ₹102.8 crore, down 58.7% from ₹248.6 crore in the same period last year. Revenue decreased by 12.4% to ₹743.2 crore, while EBITDA dropped by 34.8% to ₹166.7 crore.

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Share Price Performance

KNR Constructions share price rose 8.5% on Monday, March 30, to an intraday high of ₹122.30 per share. The stock opened at ₹112.40 and touched an intraday low of ₹112.25 apiece.

According to analysts, KNR Constructions' share price has seen a strong start for the week, up 10% in the morning trade. Prices have crossed last week's high and are on verge to cross 20DEMA, indicating potential for further gains towards ₹130 levels. ₹112 is seen as immediate support.