KNR Constructions Wins ₹235 Crore Telangana Flyover

Letter of Acceptance for Hyderabad-area project

KNR Constructions Limited has received a Letter of Acceptance from the Malkajgiri Municipal Corporation, Hyderabad, for a flyover project valued at ₹235.07 crore. The acceptance was received on June 9, 2026. The contract covers construction of a six-lane bi-directional flyover in Telangana on an engineering, procurement and construction, or EPC, turnkey basis. The award adds an urban road infrastructure project to the company’s disclosed order wins.

The project is designed to cross TKR College Junction, Gayatri Nagar Junction and Mandamallamma Junction. These junctions form the specified scope of the municipal contract. KNR Constructions disclosed the order under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Scope covers three junctions

The stated scope is the construction of a six-lane bi-directional flyover across the three identified junctions. A bi-directional structure is intended to carry traffic in both directions, while the six-lane configuration indicates three lanes in each direction. The project will be executed on an EPC or turnkey basis, placing responsibility for delivery of the contracted work with the contractor.

No project completion period was provided in the supplied announcement details. The available information also does not specify the start date, payment schedule, financing structure, or the individual construction components beyond the flyover and named junctions. These details should therefore not be inferred from the Letter of Acceptance.

Contract value and key details

The flyover award is worth ₹235.07 crore. All values below are presented in ₹ crore for consistency.

Part of a series of reported order wins

The company’s disclosed news flow includes several infrastructure awards during 2026. On March 30, KNR Constructions was reported to have received a Letter of Award from the National Highways Authority of India for a ₹1,734 crore NH-167 project. That project involves four-laning from Gudebellur to Mahabubnagar over 80.01 kilometres in Telangana.

The NH-167 project is to be executed under the Hybrid Annuity Mode. Its disclosed construction period is 730 days, followed by 15 years of operation and maintenance. This model differs from the Malkajgiri flyover award, which has been described as an EPC/turnkey project.

Other Telangana-related awards disclosed

KNR Constructions was also reported to have received a Letter of Acceptance worth ₹157.55 crore from Greater Hyderabad Municipal Corporation in August 2026. The supplied data does not provide the full project scope for that award. A separate March 2026 disclosure referred to a ₹50.47 crore four-lane unidirectional flyover at Rasoolpura.

The company also received an order worth ₹83.64 crore from Hyderabad Growth Corridor in March, according to the supplied news list. Earlier disclosures cited in the data include a ₹72.8 crore EPC/turnkey project for two three-lane flyovers at Kukatpally Y Junction on NH65, announced in October 2025. That project had a disclosed construction period of 24 months and was valued excluding GST.

Why the EPC structure matters

Under an EPC or turnkey arrangement, the contractor is typically responsible for carrying out the agreed engineering and construction work and delivering the project according to the contract terms. The supplied announcement identifies the Malkajgiri assignment as EPC/turnkey, but does not provide further contractual conditions.

This is distinct from the hybrid annuity structure used for the ₹1,734 crore NH-167 project. The disclosed NH-167 contract includes a construction phase and a longer operation and maintenance period. For the ₹235.07 crore flyover, the available disclosure does not mention an operation and maintenance tenure.

Market relevance for KNR Constructions

For investors, Letters of Acceptance and Letters of Award are relevant because they identify awarded work that may move into execution subject to the applicable contract process. The ₹235.07 crore Malkajgiri award expands KNR Constructions’ disclosed project activity in Telangana’s municipal infrastructure segment. It also comes alongside road, flyover and highway-related order disclosures in the company’s news flow.

The supplied information does not provide updated order-book totals, revenue guidance, margin estimates, or expected contribution from this contract. It also does not state the financial year in which the project may be executed. Any assessment of earnings impact would require further company disclosures or financial results.

Regulatory disclosure context

KNR Constructions reported the order receipt under Regulation 30 of SEBI’s LODR Regulations. Regulation 30 concerns disclosure of material events and information by listed entities. The company’s announcements during 2026 also include disclosures related to receipt of orders, sale of stake in a wholly owned subsidiary, and orders from the Office of the Commissioner of Income Tax - Appeals.

The order receipt is separate from the tax-related disclosure mentioned in the supplied data. A news item stated that a ₹9.35 crore tax penalty order had been deleted, but no further details were provided. The flyover contract should therefore be considered independently from that matter.

Previous infrastructure credentials in disclosures

KNR Constructions has a history of disclosed road and highway awards across southern India. In 2021, the company reported a ₹954.29 crore Letter of Acceptance for the six-lane Chittor-Thatchur Highway under Bharatmala Pariyojana, with a 24-month completion period and 15 years of operations from the commercial operation date.

The supplied company information also refers to highway work in Kerala and four-laning work on the Bengaluru-Mangaluru section. These earlier disclosures provide context for the company’s presence in road infrastructure, while the Malkajgiri contract is specifically an urban flyover assignment.

What remains to be disclosed

The June 9 Letter of Acceptance establishes the ₹235.07 crore award from Malkajgiri Municipal Corporation for the three-junction flyover. The project’s construction timetable and other execution terms were not included in the information provided. KNR Constructions’ subsequent regulatory disclosures and financial updates will be relevant for further details on the contract’s formal progress and execution.