Business Update23 Apr 2026, 02:20 pm
KNR Constructions Receives ₹32.87 Cr Claims from NHAI JV
AI Summary
KNR Constructions Ltd. announced the receipt of ₹32.87 Crores, including ₹6.89 Crores in interest, on April 23, 2026, as its share of claims from a Joint Venture with BSCPL Infrastructure Limited, pursuant to Settlement Agreements signed with the National Highways Authority of India (NHAI) on March 30, 2026. The claims relate to the Hubli-Hospet section of NH-63, with a principal amount of ₹25.98 Crores.
Key Highlights
- KNR Constructions receives ₹32.87 Cr in claims, including ₹6.89 Cr interest.
- Settlement agreement with NHAI and BSCPL Infrastructure Limited JV.
- Claims relate to Hubli-Hospet section of NH-63 project.
- Principal claim amount is ₹25.98 Crores.