KNR Constructions’ subsidiary — KNR Tirumala Infra has received bonus claim of around Rs 8.13 crore inclusive of taxes for early completion of project by 52 days. The bonus claim has been approved by the competent authority i.e, National Highways Authority of India (NHAI). The bonus amount will be accounted in books of accounts during the quarter ended September 30, 2022.
KNR Constructions is a multi-domain infrastructure project development company providing (EPC) engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management.
KNR Constructions is currently trading at Rs. 251.70, up by 9.95 points or 4.12% from its previous closing of Rs. 241.75 on the BSE.