KNR Constructions Secures INR 4,800 Crore Coal Mining Contract in Jharkhand

KNR Constructions Limited (NSE: KNRCON) today announced it has secured a substantial contract valued at INR 4,800.57 crore (excluding GST) for the development and operation of the Banhardih Coal Mining Block in the State of Jharkhand.

The Letter of Acceptance was received from Patratu Vidyut Utpadan Nigam Ltd, a subsidiary of NTPC, in a joint venture with JBVNL. The contract has been awarded to M/s KNRCL-HCPL (JV), a joint venture where KNR Constructions Limited holds a 74% stake, with Harsha Constructions Pvt Ltd holding the remaining 26%.

The project entails a contract period of 5 operating years, in addition to an initial development stage period of 360 days. The Banhardih Coal Mining Block is estimated to have a mine reserve of 34.50 million tonnes.

Following the announcement, shares of KNR Constructions were trading at INR 219.55, reflecting a 1.4% decline. The company also informed the exchanges that its trading window for dealing in securities would be closed from June 25, 2025, to June 27, 2025, in accordance with its Code of Conduct for Prevention of Insider Trading.

source: Corporate Announcement

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