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KNRCON
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About KNR Constructions
History of KNR Constructions Limited (KNRCL)
Incorporated in 1995, KNR Constructions Limited (KNRCL) is a multi-domain infrastructure project development company that offers Engineering, Procurement and Construction (EPC) services across different fast-growing sectors, including highways, irrigation, roads and urban water infrastructure management. The company was started in 1995 by professionals with experience in the infrastructure development sector. In 1997, KNR Constructions acquired the assets and liabilities of M/s K. Narasimha Reddy & Co. (partnership firm) at their book values. This partnership firm, established by Shri K. Narasimha Reddy, a promoter of KNRCL, had been involved in civil and mechanical contract works since 1979. In 2006, the company bagged their first Build-Operate-Transfer (BOT) project in Karnataka worth ₹4,420 million. They entered into the urban water infrastructure with a contract in Bangalore. This was followed by another BOT project in Telangana in 2007. In 2008, KNR Constructions Limited went public and got listed on the NSE and BSE. In 2012, the company got the biggest work order from Sadbhav Engineering Limited for the construction of the Bijapur Hungund Road project, which was worth ₹8,250 million. In 2013, they got an EPC project for the Madurai–Ramanathapuram Section of NH-49 in Tamil Nadu under NHDP Phase-III, worth ₹9,371 million. In the same year, they got their third BOT toll project in Kerala worth ₹9,005 million. In 2018, KNR Constructions got 5 Hybrid Annuity Model (HAM) projects worth ₹56,112 million. In the next year, 2019, they signed a Sales and Purchase Agreement (SPA) with Cube Highways for 3 SPVs. In 2020, the company transferred a 100% stake in KNR Walayar Tollways Private Limited (SPV) to Cube Highways and Infrastructure III Private Limited for an enterprise value of ₹5,117.8 million. This was followed by another transfer in 2021, where they transferred a 49% stake in 2 Special Purpose Vehicles (SPVs) (KNR Tirumala Infra Private Limited and KNR Shankarampet Projects Private Limited) to Cube Highways and Infrastructure III and another 51% stake in 3 SPVs (KNR Tirumala, KNR Sriranagam and KNR Shankarampet) to Cube Highways and Infrastructure III Private Limited. As of March 2023, KNR Constructions Limited has projects in Karnataka, Kerala, Tamil Nadu, Andhra Pradesh and Telangana. They have done 79 projects in India.Business Segments of KNR Constructions Limited
The company undertakes projects as follows:- Highway: Under this segment, the company undertakes highway projects in India. They have completed 39 major highway projects.
- Irrigation and Water Management: In this segment, the company undertakes irrigation and water management projects in India.
- Urban Water Infrastructure Management: In this segment, the company undertakes urban water infrastructure management projects in the country.
- KNR Agrotech and Beverages Private Limited: This wholly-owned subsidiary of the company is involved in the agricultural sector.
- KNR Palani Infra Private Limited: This wholly-owned subsidiary of the company was established as an SPV to undertake the construction of the Oddanchatram-Madathukulam section of NH-209 on HAM in Tamil Nadu.
- KNR Energy Limited: This wholly-owned subsidiary of the company is involved in the gas, electricity, steam and hot water supply.
Key Personalities of KNR Constructions Limited
- Narasimha Reddy, Managing Director
- Narasimha Reddy is the Founder, Promoter and Managing Director of KNR Constructions Limited. He has more than 40 years of experience in the highway sector. He started his career in 1968 as a contractor.
Corporate Actions of KNR Constructions Limited
The company announced bonus shares with a ratio of 1:1, dated February 3, 2021.Parent Organisation
Indian Private
Managing Director
B V Rama Rao
Founded
1995
NSE Symbol
KNRCON
Community Discussion
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10th July 2024
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Knr Constructions Ltd FAQs
What is the share price of Knr Constructions Ltd (KNRCON) shares?
Knr Constructions Ltd (KNRCON) share price as of July 26, 2024, on NSE is Rs 366.5 (NSE) and Rs 366.5 (BSE) on BSE.
Can I buy Knr Constructions Ltd (KNRCON) from Angel One?
Yes, You can buy Knr Constructions Ltd (KNRCON) shares by opening a Demat account with Angel One.
How do I buy Knr Constructions Ltd (KNRCON) from Angel One?
Knr Constructions Ltd (KNRCON) share can be bought through the following modes:
1. Direct investment: You can buy Knr Constructions Ltd (KNRCON) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Knr Constructions Ltd (KNRCON) shares.
1. Direct investment: You can buy Knr Constructions Ltd (KNRCON) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Knr Constructions Ltd (KNRCON) shares.
What is the main business of KNR Constructions?
KNR Constructions is a leader infrastructure development firm specialising in road projects, highways, bridges, and flyovers. They also work on irrigation and city water supply projects.
Who are the promoters of KNR Constructions?
The promoters of KNR Constructions include Kamidi Narasimha Reddy, Jalandhar Reddy Kamidi, Kamidi Yashoda, and Mereddy Rajesh Reddy.
What are the Subsidiaries that comes under KNR Constructions?
KNR Infra Projects, KNR Walayar Tollways, KNR Palani Infrastructures, KNR Chidambaram Infrastructures, KNR Shankarampet Projects, KNR Nuziveedu Seeds, and KNR Properties are all subsidiaries of KNR Constructions.
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