KNR Constructions Share Price in Focus; Receives LoA Revocation for ₹157.54 Crore Project

KNR Constructions Limited has received a letter revoking the Letter of Acceptance (LoA) for a ₹157.54 crore infrastructure project in Hyderabad after the Greater Hyderabad Municipal Corporation (GHMC) cancelled the project.  

The company informed the exchanges about the development on 27 October 2026. The project was awarded under the Engineering, Procurement, and Construction (EPC) model. Its total value was ₹157,54,60,000, excluding Goods and Services Tax (GST). 

Project Covered Work at Two Junctions 

The contract involved construction work at NFCL Junction and TV9 Junction in Banjara Hills, Hyderabad. At NFCL Junction, the planned work included a two-lane unidirectional flyover. 

At TV9 Junction, the project covered a two-lane unidirectional underpass and a three-lane unidirectional flyover. Both locations fell under the jurisdiction of GHMC in Telangana. 

The combined contract value for these works was ₹157.54 crore, excluding GST. The project details were included in the company's earlier disclosure to the stock exchanges. 

LoA was Issued in August 2026 

KNR Constructions had informed the stock exchanges on 29 August 2026 that it had received the Letter of Acceptance from GHMC for the infrastructure project. 

In its latest filing, the company confirmed receipt of a letter revoking that acceptance following the cancellation of the proposed works. The disclosure did not provide further details about the circumstances behind the cancellation. 

The filing also did not specify whether any work had commenced before the revocation or whether the cancellation would lead to any financial claims or compensation. 

Read More: Tata Communications Share Price in Focus; Announces India’s AI Super Highway Project! 

KNR Constructions Share Price Performance  

As of October 27, 2026, 2:15 pm, KNR Constructions share price was trading at ₹99.32, a 1.70% increase from the previous closing price. 

Conclusion 

The revocation brings the ₹157.54 crore GHMC contract for flyover and underpass construction in Banjara Hills to a halt following the project's cancellation. KNR Constructions disclosed the development to the stock exchanges on 27 October 2026. 

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