KNR Constructions received a letter of acceptance (LoA) for a road construction project in Karnataka worth Rs 1,100.88 crore.
The project involves four-laning of the Bangalore-Mangalore section, including the six-lane flyover at Kalladka town, of NH-75 on EPC basis.
The project is to be completed within a period of 24 months, the company said in a BSE filing made during market hours today.
KNR Constructions provides engineering, procurement, and construction (EPC) services, primarily for the roads and highways segment.
The company’s consolidated net profit zoomed 87.99% to Rs 97.55 crore in Q3 FY21 from Rs 51.89 crore in Q3 FY20. Net sales during the quarter rose 21.69% YoY to Rs 734.71 crore.