- 03 Feb 2022
- ICICIdirect Research
KNR CONSTRUCTIONS RECEIVES APPOINTED DATE FOR PROJECTS
KNRCON - 270 Change: -11.65 (-4.14 %)News: KNR Constructions has received appointed date (AD) as on January 21, 2022 for the projects namely a) six laning from start of Valanchery Bypass to Kappirikkad Section of NH-66 on HAM mode and b) six laning of Ramanattukara Junction to start of Valanchery bypass section of NH – 66 on HAM mode. The estimated EPC value for both the projects stands at Rs.3,340 crore.
Views: KNR Constructions' overall order book at the end of Q2FY22 was at Rs.11,594 crore (including L1 projects). However, the company was awaiting AD in the projects worth Rs.5,083 crore. Now, with the receipt of the AD, its executable order book is likely to increase (to Rs.9,850 crore) and aid the execution pace, going forward.
Impact: Positive
KNR Constructions' overall order book at the end of Q2FY22 was at | 11,594 crore (including L1 projects). However, the company was awaiting AD in the projects worth | 5,083 crore. Now, with the receipt of the AD, its executable order book is likely to increase (to | 9,850 crore) and aid the execution pace, going forward |