Rs 8,305 crore order book: Road construction company receives order worth Rs 459,07,84,700

KNR Construction Ltd has received a Letter of Acceptance for a new construction project in Telangana valued at approximately Rs 459,07,84,700 (excluding GST). The project, to be executed on an Engineering, Procurement, and Construction (EPC) basis, involves building multi-level flyovers and grade separators at the Khajaguda and IIIT Junctions. Additionally, the company will widen and develop a 215-foot road from the CP, Cyberabad office to Gachibowli Junction and a 150-foot road from Anjaiah Nagar to Ramky Tower Road. The total construction period for the project is estimated to be 24 months.

KNR Constructions Ltd, founded in 1995, is a Hyderabad, India-based infrastructure development company. They specialise in Engineering, Procurement and Construction (EPC) services for various sectors, including roads and highways, irrigation systems, and urban water management. Their services include building roads, bridges, and flyovers using different contracting models like EPC (design, procure, and construct), BOT (build, operate, transfer), and HAM (hybrid annuity model). They also take on irrigation projects, manage urban water infrastructure, and even have experience in agricultural projects.

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The company has a market cap of over Rs 6,800 crore and its order book stands at Rs 8,305 crore. The shares of the company have a PE of 6x, an ROCE of 27 per cent and an ROE of 29 per cent. The stock is up by 10.6 per cent from its 52-week low of Rs 189.05 per share.

Disclaimer: The article is for informational purposes only and not investment advice.