KNR Constructions Bags ₹1,734 Crore NHAI Order in Telangana

• KNR Constructions secured a Letter of Award from NHAI for a ₹1,734 crore hybrid annuity mode project in Telangana.
• The project involves four-laning of NH-167 from Gudebellur to Mahabubnagar, covering an 80km stretch.
• The company reported a significant decline in Q3 net profit (58.7%) and revenue (12.4%).
• EBITDA also fell by 34.8%, with margins contracting to 22.4% from 30.1% year-on-year.
• KNR Constructions shares closed 5.9% lower and have declined 32.6% this year.