KNR Constructions Ltd has completed the sale of its entire equity share capital in subsidiary KNR Guruvayur Infra Pvt Ltd (KGIPL) to Indus Infra Trust for ₹485.86 crore, according to a regulatory filing. The transaction was executed on September 17, 2026, with Share Purchase Agreements having been signed on December 24, 2025. The company had previously invested ₹193.32 crore in KGIPL through equity and subordinated debt, resulting in a net gain of ₹292.54 crore from the divestiture. As per the latest reports, the subsidiary reported a turnover of ₹237.21 crore as of March 31, 2026, representing 8.79% of KNR Constructions' consolidated turnover. The subsidiary's net worth stood at ₹394.38 crore as of March 31, 2026, accounting for 7.93% of the consolidated net worth of KNR Constructions.
Indus Infra Trust is a publicly listed infrastructure investment trust registered with SEBI under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The trust specializes in acquiring, managing and investing in infrastructure assets across various sectors and securities of companies engaged in the infrastructure sector. Notably, the purchaser does not belong to KNR Constructions' promoter, promoter group or group companies, ensuring an arms-length transaction. KNR Constructions confirmed that Indus Infra Trust does not belong to its promoter, promoter group or group companies, making this a non-related party transaction.
On August 29, 2026, KNR Constructions received a Letter of Acceptance from the Greater Hyderabad Municipal Corporation (GHMC) for a ₹157.55-crore road infrastructure project in Telangana. The project involves construction of a two-lane unidirectional flyover at NFCL Junction, Banjara Hills, and a two-lane unidirectional underpass and three-lane unidirectional flyover at TV9 Junction, Banjara Hills. The construction period is set at 24 months under the Engineering, Procurement and Construction (EPC) mode. The project, valued at ₹157.55 crore excluding GST, represents a significant addition to KNR's infrastructure portfolio.
In a significant development announced on March 28, KNR Constructions received a Letter of Award from the National Highways Authority of India for a ₹1,734-crore hybrid annuity mode (HAM) project in Telangana. The project involves four-laning of an 80-km stretch of NH-167 from Gudebellur to Mahabubnagar on the Hyderabad-Panaji section under NH(O). This major highway project demonstrates KNR's continued expansion in the infrastructure sector and strengthens its position in the national highway development space.
Following the announcement, KNR Constructions shares were trading 3.95% higher at ₹125.64 on the NSE at 3:13 pm on September 18. The positive market reaction reflects investor confidence in the company's strategic asset divestiture and continued project wins in the infrastructure sector. The strong market response indicates investor approval of both the divestiture strategy and the company's pipeline of new projects across multiple infrastructure segments.
