KNR Constructions Limited has secured a Rs 157.55 crore EPC contract from the Greater Hyderabad Municipal Corporation for flyover and underpass construction at Banjara Hills. The project is expected to be completed within 24 months, strengthening the company's order book in the urban infrastructure segment.
KNR Constructions Wins Rs 157.55 Crore EPC Contract
KNR Constructions has received a Letter of Acceptance for a project worth Rs 157.55 crore (excluding GST) from the Greater Hyderabad Municipal Corporation (GHMC).
Reader Takeaway: This order enhances revenue visibility through a 24-month execution window, though timely project delivery remains key.
What just happened
The company has been commissioned to perform Engineering, Procurement, and Construction (EPC) services in Telangana. The work involves building a 2-lane unidirectional flyover at the NFCL Junction, plus a 2-lane unidirectional underpass and 3-lane unidirectional flyover at the TV9 Junction in Banjara Hills.
Why this matters
This win adds to the company's urban infrastructure portfolio in a high-traffic zone of Hyderabad. By securing government contracts of this nature, KNR Constructions maintains its position as a reliable EPC contractor for municipal development projects.
What changes now
With a set execution timeline of 24 months, the project will now contribute to the company's active order book. Investors should track the company's ability to maintain margins while managing the construction phase over the next two years.
Risks to watch
Key risks include potential construction delays, cost overruns due to raw material price volatility, and any unforeseen execution challenges in dense urban areas like Banjara Hills.
What to track next
Watch for quarterly earnings reports for updates on the project’s physical and financial progress, as well as the company's overall order inflow trends.