KNR Constructions Limited (KNRCON) has informed the exchange about the awarding of new order(s)/contract(s), a development that saw its shares close significantly higher at 231.5, marking a 9.1% increase. The announcement was made outside market hours.
The Hyderabad-based infrastructure development company, known for its work in roads, bridges, and irrigation projects, did not immediately disclose specific details regarding the nature, value, or duration of these newly secured contracts. However, the acquisition of new business is a positive indicator for the company’s order book and future revenue visibility.
This latest announcement underscores KNR Constructions’ continued efforts to expand its project portfolio and reinforce its presence in India’s competitive infrastructure sector. Investors will likely await further details on these contracts to assess their full impact on the company’s financial outlook.
source: Corporate Announcement