KNR Constructions has secured a major coal mining contract from Patratu Vidyut Utpadan Nigam Ltd, a joint venture between NTPC and JBVNL.
The company received a Letter of Acceptance for the short-term development and operation of the Banhardih Coal Mining Block in Jharkhand. The project has been awarded to the joint venture KNRCL-HCPL, where KNR Constructions holds a 74% stake and Harsha Constructions Pvt Ltd holds 26%. The contract is valued at ₹4,800.57 crore (excluding GST), covering an operational period of five years and a 360-day initial development phase. The mine has an estimated reserve of 34.5 million tonnes.
Following this development, KNR Constructions has announced a trading window closure from June 25 to June 27, 2025, as per its insider trading prevention code.
