News: KNR Constructions Ltd. received ₹ 317.7 crore as part of an agreement made with the National Highways Authority of India or NHAI on Sept. 30, 2024. The payment is part of the agreement signed between the company's special purpose vehicle — KNR Muzaffarpur Barauni Tollway Pvt. Ltd. and NHAI. The total amount garnered includes ₹ 175.8 crore owed to the infrastructure company and an interest of ₹ 141.9 crore. NHAI will take over the toll collections of Muzaffarpur Barauni toll project from Nov. 1 2024.
Views: We highlight that as of Q1FY25, the project had outstanding debt of ₹ 216 crore and equity investment of ₹ 177 crore. Thus, the amount received is lower than overall outstanding debt plus equity of ₹ 393 crore. Nonetheless, impact of marginal.
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