During Wednesday’s trading session, shares of an infrastructure project development company providing EPC services surged by nearly 11 percent on BSE, after the company announced securing an order worth Rs. 4,800 crores for the development of a coal mining block in Jharkhand.
With a market cap of Rs. 6,482.5 crores, the shares of KNR Constructions Limited closed in the green at Rs. 230.5 on BSE, up by around 9 percent, as against its previous closing price of Rs. 212.25. The stock has delivered negative returns of around 33 percent in one year, but has gained by over 3 percent in the last one month.
What’s the News
As per the latest exchange filings, KNR Constructions Limited has received a Letter of Acceptance (LoA) worth Rs. 4,800.57 crores for a short-term contract involving the development and operation of the Banhardih coal mining block in Jharkhand. The contract was awarded by Patratu Vidyut Utpadan Nigam Limited—a subsidiary of NTPC, in a joint venture with Jharkhand Bijli Vitran Nigam Limited (JBVNL).
The project has been awarded to a joint venture between KNR Constructions Limited and Harsha Constructions Pvt Ltd, with KNR Constructions holding a 74 percent stake and Harsha Constructions holding 26 percent.
The project includes an initial development period of 360 days and five years of operational activity. The Banhardih coal block is estimated to hold reserves of 34.5 million tonnes.
Financials & more
KNR Constructions reported a decline in its revenue from operations, showing a year-on-year fall of around 31 percent from Rs. 1,414 crores in Q4 FY24 to Rs. 975 crores in Q4 FY25.
Similarly, its net profit decreased during the same period from Rs. 340.6 crores to Rs. 7.6 crores, representing a decline of around 98 percent YoY. As of March 2025, the company reported a total order book of Rs. 5,051.8 crore, with Rs. 2,561 crore coming from the Roads sector and Rs. 2,490.7 crore from the Irrigation and Pipeline segment.
KNR Constructions Limited, one of the leading companies providing EPC services, is engaged in the business of the infrastructure sector, primarily in the construction of roads, bridges, flyovers and irrigation projects, along with urban water infrastructure management.
Written by Shivani Singh
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