New Launch17 Feb 2026, 02:09 pm
KNR Constructions Ltd. Receives LOA for Four Lane Elevated Corridor Construction on Hybrid Annuity Mode
AI Summary
KNR Constructions Ltd. has announced the receipt of a Letter of Acceptance (LOA) for the construction of a Four Lane Elevated Corridor along the East Coast Road (ECR) from design Chainage Km. 11+480 to Km. 11/800 (West Avenue Road) and upto Km. 24+780 (East Coast Road) Thiruvanmiyur to Uthandi in SH-49 on Hybrid Annuity Mode (HAM). The signing of the Concession Agreement is subject to the outcome of the W.A. No. 284 of 2026 of Madras High Court.
Key Highlights
- Receipt of Letter of Acceptance for Four Lane Elevated Corridor construction along ECR
- Project to be constructed on Hybrid Annuity Mode (HAM)
- Construction cost/bid price: Rs. In Crores
- Operation period: 5 Years from COD
- Trading window closure for Directors, Officers, and Designated employees from 17th to 19th February 2026