KNR Constructions has been awarded a ₹319.24-crore EPC contract for a major bridge across Mir Alam Tank in Hyderabad, set for completion in 24 months. This significant project win comes despite the company reporting a sharp 76.3% year-on-year decline in consolidated net profit to ₹104.65 crore for Q2 FY26, with revenue also falling 66.8%. The stock closed lower following the announcement.