Business Update21 Apr 2026, 06:01 pm
KNR Constructions receives ₹130.10 Cr from NHAI for project claims
AI Summary
KNR Constructions Limited (KNRCL) announced the receipt of ₹130.10 Crores from the National Highways Authority of India (NHAI) on April 21, 2026. This amount comprises ₹91.79 Crores in principal claims and ₹38.31 Crores in interest. The payment follows Settlement Agreements signed between KNRCL and NHAI on March 30, 2026. The claims were resolved through the Conciliation Committee of Independent Experts (CCIE). The funds relate to two projects: the Madurai - Ramanathapuram section of NH 83 (₹72.20 Cr principal + ₹35 Cr interest) and the Pollachi – Coimbatore section of NH 83 (₹19.59 Cr principal + ₹3.31 Cr interest). This significant inflow enhances the company's liquidity.
Key Highlights
- KNRCL received ₹130.10 Cr from NHAI for project claims.
- Payment includes ₹91.79 Cr principal and ₹38.31 Cr interest.
- Settlement agreements were signed on March 30, 2026.
- Funds received on April 21, 2026, boosting liquidity.
- Claims resolved via Conciliation Committee of Independent Experts.