KNR Constructions receives project amounting to Rs. 1,144.50 crore

KNR Constructions informed the bourses that it has bagged a Hybrid Annuity Projects (HAM) from Karnataka State Highways Improvement Project (KSHIP), Government of Karnataka. The company bid for the project at Rs. 1,144.50 crore.

The company has order book of Rs. 3,332.6 crore as on December 31, 2017 with book-to-bill ratio of around 2x. The road segment contributes around 73 per cent of the total order book and irrigation contributes 27 per cent.

KNR Constructions Limited is an infrastructure development company providing engineering, procurement and construction services across various fast-growing sectors, namely, roads and highways, irrigation and urban water infrastructure management.

On Wednesday, the stock opened at Rs. 292 per share and touched an intraday high and low of Rs. 293.70 and Rs. 290, and finally closed at Rs. 290, on the BSE. The company is supposed to announce its quarterly numbers for Q4FY18 on Wednesday.