Business Update27 Oct 2026, 12:11 pm
KNR Constructions: ₹157.5 Cr GHMC Project Revoked
AI Summary
KNR Constructions Ltd has informed the stock exchanges about the revocation of a Letter of Acceptance (LoA) from Greater Hyderabad Municipal Corporation (GHMC). The LoA was for the construction of a 2-lane unidirectional flyover at NFCL Junction and a 2-lane unidirectional underpass with a 3-lane unidirectional flyover at TV9 Junction in Banjara Hills, Telangana. The project was valued at ₹157.54 Crores (excluding GST). This revocation means the company will not proceed with this specific contract.
Key Highlights
- GHMC revokes LoA for ₹157.54 Cr flyover and underpass project.
- Project was for construction in Banjara Hills, Telangana.
- Company will not undertake the aforementioned contract.
- Impact on future revenue and project pipeline to be assessed.
Price Impact
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