KNR Constructions has secured a significant infrastructure contract from Malkajgiri Municipal Corporation, Hyderabad on 09 June 2026. According to reports from CNBC TV18 and Business Standard, the project involves the construction of a 6-lane bi-directional flyover crossing three major junctions in the state of Telangana. The project scope includes construction at TKR College junction, Gayatri Nagar Junction and Mandamallamma Junction under the Engineering Procurement Construction (EPC)/Turnkey Basis methodology. As confirmed by Integrated Master Securities, KNR has received a letter of acceptance from the municipal corporation for this substantial infrastructure project.
The contract value has been established at ₹235.07 crore excluding GST, representing a substantial infrastructure investment for the state. As reported by CNBC TV18 and Business Standard, the project is scheduled for completion within 24 months from the award date. This timeline indicates the project's scale and complexity, requiring comprehensive planning and execution capabilities from the contractor. The project represents a significant addition to KNR's order book and demonstrates the company's continued focus on securing quality infrastructure projects in the southern region.
The flyover project adds ₹235 crore to KNR's existing order backlog of approximately ₹11,903 crore as of March 31, 2026, representing a strategic expansion of the company's project portfolio. With a construction timeline of 24 months, the project is expected to contribute roughly ₹117 crore annually during its execution period, supporting revenues through FY27 and FY28. As per CNBC TV18, roads account for nearly half of the order book, followed by mining, irrigation and pipeline projects. This addition strengthens the company's multi-year revenue visibility and reinforces its position as one of India's leading EPC companies in the mid-cap infrastructure space.
Despite securing the new contract, KNR's stock performance reflects mixed market sentiment. According to Business Standard, the company's consolidated profit declined 23.72% to ₹106.20 crore in Q4 FY26, while revenue from operations fell 28.67% to ₹695.59 crore compared to Q4 FY25. However, the stock showed resilience, rising 0.20% to settle at ₹127.10 on the BSE following the contract announcement. The market response suggests investor confidence in the company's order book expansion despite recent financial performance challenges. The Hyderabad-based infrastructure company operates across highways, flyovers, bridges, irrigation, urban water management and urban development sectors.
