Deals25 Jun 2025, 03:15 pm
KNR Constructions Ltd Secures INR 4,800.57 Crore Coal Mining Contract in Jharkhand
AI Summary
KNR Constructions Ltd, in a joint venture with Harsha Constructions Pvt Ltd, has been awarded a short-term contract for the development and operation of the Banhardih Coal Mining Block in Jharkhand by Patratu Vidyut Utpadan Nigam Ltd. The contract value is INR 4,800.57 crores (excluding GST) for a period of 5 operating years plus an initial development stage of 360 days. The mine reserve is 34.50 million tonnes. The trading window for dealing in securities of the company will be closed for all directors, officers, and designated employees from 25% June 2025 to 27% June 2025 as per the KNRCL Code of Conduct for Prevention of Insider Trading.
Key Highlights
- KNR Constructions Ltd and Harsha Constructions Pvt Ltd secure a INR 4,800.57 crore contract for coal mining in Jharkhand
- The contract is for the development and operation of the Banhardih Coal Mining Block
- The contract period is 5 operating years plus an initial development stage of 360 days
- The mine reserve is 34.50 million tonnes
- Trading window for dealing in securities of the company will be closed for certain employees from 25% June 2025 to 27% June 2025