Deals6 Jun 2026, 04:11 pm
KNR Constructions JV Secures ₹3,361 Cr Coal Mining Order
AI Summary
KNR Constructions Ltd, through its joint venture KNR - SIML (51% stake), has received a Letter of Acceptance from South Eastern Coalfields Limited for coal mining works at Kusmunda OCP, Chhattisgarh. The order, valued at ₹3,361.11 crores (excluding GST) over 2920 days, involves excavation and transportation of overburden and coal. This significant contract is expected to bolster the company's order book and revenue streams in the mining sector. The company also announced a trading window closure from June 8-9, 2026, for its directors and employees.
Key Highlights
- JV secures ₹3,361.11 Cr coal mining contract from South Eastern Coalfields.
- Contract duration is 2920 days for overburden and coal handling.
- Order includes excavation, transportation, and surface mining operations.
- Boosts KNR Constructions' order book significantly.
- Trading window for securities closed from June 8-9, 2026.
Price Impact
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