KNR Constructions Ltd has received a Letter of Acceptance for a coal mining contract from Patratu Vidyut Utpadan Nigam Ltd (PVUNL), a joint venture between NTPC and Jharkhand Bijli Vitran Nigam Ltd (JBVNL). As per the filing, the project is for the development and operation of the Banhardih Coal Mining Block in Jharkhand.
The contract is valued at ₹4,800.57 crore, excluding GST. It will run for 5 operating years after a 360-day development period. The mining block has a total reserve of 34.5 million tonnes of coal, according to the company’s stock exchange filing dated June 25, 2025.
The work will be carried out by a joint venture between KNR Constructions Limited and Harsha Constructions Pvt Ltd. KNRCL holds a 74% stake in the venture, while the remaining 26% is held by HCPL. The JV has been assigned full responsibility for execution.
KNRCL made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was filed with both BSE and NSE. The company has classified the project as a short-term contract.
Following the announcement, the company closed its trading window from June 25 to June 27, 2025. This applies to all directors, officers, and designated employees as per the firm’s internal Code of Conduct for Prevention of Insider Trading.
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Further operational specifics, such as deployment plans or timelines for mining output, were not disclosed in the filing. The announcement was limited to contract value, project scope, and compliance measures.
As of 10:18 AM on June 26, KNR Constructions share price was trading at ₹234.25, up 1.55%, but down 25.65% over the past 6 months and 32.92% over the past year.
KNR Constructions will oversee the development and mining operations of a coal block with 34.5 million tonnes of reserves, as part of a ₹4,801 crore contract awarded by PVUNL. The contract runs for 6 years, including the development phase.
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Published on: Jun 26, 2025, 10:59 AM IST
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