KNR Constructions Limited shares surged nearly 10% in early trade today after the company announced that it has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for a major road project worth ₹1,734 crore.
According to the company’s exchange filing dated March 28, 2026, the project involves the construction of a 4-lane stretch of NH-167 from Gudebellur to Mahabubnagar in Telangana. The project spans approximately 80.01 kilometres and will be executed under the Hybrid Annuity Mode (HAM).
The company stated that the construction period for the project is 730 days, followed by an operation period of 15 years from the date of commercial operation.
Reacting to the development, KNR Constructions’ stock rose sharply, trading at ₹120.10, up ₹10.48 or 9.56% as of 9:29 AM. The stock opened at ₹112.77 and touched an intraday high of ₹120.90, compared to its previous close of ₹109.62.
Trading activity remained strong, with volumes at 85.20 lakh shares and an average traded price of ₹118.34. The stock’s 52-week range stands between ₹108.65 and ₹247.80.
The company also informed exchanges that its trading window for dealing in securities will remain closed from March 28 to March 29, 2026, in line with its code of conduct for prevention of insider trading.
The order win is seen as a significant addition to KNR Constructions’ order book, strengthening its presence in the road infrastructure segment, particularly in the HAM space.