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12-Feb-2019

KNR Constructions

Expects appointed date for 2 TN HAM projects in next 15 days


'KNR Constructions hosted a conference call on Feb 12, 2019. In the conference call the company was represented by K Jalandhar Reddy, ED and S Vaikundanathan, VP Finance of the company.

Key takeaways of the call

EPC order book of the company as end of Dec 31, 2018 stand at Rs 1540.8 crore comprising Road sector orders of Rs 1219.4 crore, irrigation order book of Rs 319.9 crore and Rs 1.5 crore in others.

Received Appointed Date for Chittor- Mallavaram HAM project of SPV i.e. KNR Tirumala Infra on January 4, 2019.

Received Financial closure for three projects i.e. 1) Trichy- Kallagam (of KNR Srirangam Infra); 2) Meensurutti-Chidambaram (KNR Chidambaram Infra) and 3 Ramsanpalle-Mangloor (KNR Shankarampet Projects). The company expects appointed date for Trichy Kallagam and Meensurutti-Chindambaram project in next 15 days and for Ramsanpalle-Mangloor by next month end.

The company has signed Concession Agreement for KSHIP HAM project i.e. Magadi-Som...



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