### **Overview** KNR Constructions Limited (KNRCL), incorporated in 1995 and headquartered in Hyderabad, is a leading Indian infrastructure development company with over 30 years of experience in executing technically complex **Engineering, Procurement, and Construction (EPC)** projects. The company has established a strong reputation for timely delivery, operational excellence, and high-quality project execution across diverse terrains and geographies in India. KNRCL specializes in **roads, highways, flyovers, bridges, irrigation systems, urban water infrastructure, and urban development projects**. It has expanded its footprint across 12 Indian states and is increasingly diversifying into **new infrastructure verticals** such as railways, metro systems, tunnelling, mining, solar energy, and river interlinking. --- ### **Core Business & Project Portfolio** - **Primary Segments**: - Roads & Highways (core focus) - Irrigation & Water Infrastructure - Urban Development - Hybrid Annuity Model (HAM), EPC, and BOT (Build-Operate-Transfer) projects - **Project Delivery Models**: - EPC (Engineering, Procurement, Construction) - HAM (Hybrid Annuity Model) – 40% of portfolio - BOT/Annuity/Toll-based models - **Geographic Focus**: - Strong regional presence in **South India**, with growing execution capabilities in North, West, and East India. - Projects active in states including **Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Kerala, Madhya Pradesh, Rajasthan, Uttar Pradesh, Haryana, Gujarat, Assam, and Arunachal Pradesh**. - **Key Project Highlights**: - Executed over **9,100 lane-kilometers of road projects** across India (as of Sep 2025), up from 8,700 in 2024. - Successfully completed **landmark projects** such as: - **Konda Pochamma Sagar Reservoir** (50 TMC capacity, 12 million cu.m. earthwork in 500 days) - **Nine Rail Over Bridges (ROBs)** in a single 115 km stretch between Madurai and Ramanathapuram - Widening and strengthening of **56 km NH-5 stretch in Odisha** using advanced concrete paving technology - Current execution of **4 x 90 MW Pump House project** in Telangana – a major water infrastructure initiative. --- ### **Current Order Book & Financial Highlights (as of Sep 2025)** - **Order Book**: ₹50,518 million - Dominated by **roads, irrigation, and pipeline projects** - **52%** from state government contracts, reflecting strong public-sector confidence - Mix of **HAM, EPC, and state-backed contracts** ensures revenue stability - **Targeted Order Inflow (FY26)**: ₹10,000–12,000 crores - Focus on **high-value, technically complex projects** in emerging sectors - Active bidding in **railways, mining, solar, and river interlinking** via joint ventures - **Bid Pipeline**: - Total bid cost of **8 HAM projects**: ₹96,188 million - 10 operational BOT/HAM projects in the portfolio --- ### **Strategic Expansion & Diversification** - **New Verticals**: - **Railways, Metro, Tunnelling, Mining, Solar Energy, and River Interlinking** - Expansion supported by **joint ventures with domain experts** to ensure technical and operational excellence. - **Joint Venture Highlights**: - **KNR-ACPL-SVK JV (51% ownership)**: Secured ₹198.28 crore irrigation project in Telangana (Jan 2025) - **KNR-Harsha Constructions JV (26% stake)**: Letter of Acceptance from **NTPC for Banhardih Coal Mining Block (Jharkhand)** – contracted value **₹48,006 million (ex-GST)**, 74% share to KNR - Includes 360-day development phase + 5-year operations - **Planned JV with Nagarjuna Construction Company (NCC)**: To bid for **Bhubaneswar Metro** and major irrigation projects - **Government Initiatives Leveraged**: - **PM Gati Shakti, Bharatmala Pariyojana, Smart Cities Mission, AMRUT 2.0** - Union Budget 2025–26 capital expenditure of **₹11.2 lakh crore** provides strong tailwinds --- ### **Operational Strengths** - **In-House Execution Model**: - Integrated operations combining **skilled workforce** and **modern equipment fleet** - Ensures **rapid mobilization, cost control, and timely delivery** - **Fleet & Assets (as of Mar 31, 2025)**: - **Gross block value of plant & machinery**: ₹14,380 million - Key equipment includes: - 1,265 tippers and tankers - 387 excavators - 52 batching plants - 54 pavers - WIRTGEN SP1200 PQC Slipform Paver & AMMANN Hot Mix Plant - **Project Execution Efficiency**: - Completed **Cheyyur–Vandavasi–Polur EPC road project 204 days ahead of schedule** - **Bijapur-Hungund road project (₹8,250 million)** delivered 11 months early - **Decentralized Governance**: Enables agile, on-site decision-making across geographically dispersed projects --- ### **Subsidiaries & Corporate Structure** - **Wholly Owned Subsidiaries**: - KNR Kaveri Infra Pvt. Ltd. - KNRC Holdings and Investments Pvt. Ltd. - Asara Construction & Projects Pvt. Ltd. - KNR Palani Infra Pvt. Ltd. - **Associate Companies**: - **Patel KNR Infrastructures Ltd. (PKIL)** – 40% stake - 60 km annuity-based highway (Karnataka), 20-year concession since 2007 - Securitized ₹4,090 million via NCDs to LIC (Apr 2010) to refinance debt - Debt reduced to ₹736.2 million (as of Jun 2025) from ₹1,074.2 million (Jun 2024) - **Patel KNR Heavy Infrastructures Ltd. (PKHIL)** – 40% stake - 53 km annuity-based project (Telangana), concession since 2008 - Debt: ₹521.2 million (as of Jun 2025) - **Other Subsidiaries**: - Regional project-specific SPVs (e.g., KNR Tirumala Infra, KNR Srirangam Infra – exited in 2022) - Greenfield projects in **Ramanattukara, Guruvayur, Ramagiri** - **International Presence**: - **KNR-FZE (Dubai)** and **KNR Constructions LLC (Oman)** – Middle East business development --- ### **Recent Milestones & Key Contracts (2024–2025)** - **AMRUT 2.0 Projects (Sep 2024)**: - ₹11,048.8 million contract for water supply (26 ULBs) and sewerage (4 ULBs) in Nalgonda & Khammam, Telangana - **Bharatmala Greenfield Projects**: - Appointed for **Marripudi to Somvarappadu (Bengaluru–Vijayawada Corridor, Package 13, Andhra Pradesh)** – HAM model, 6-laning, 24-month construction period - Also executing **Mysore–Kushalnagara section (NH-275, Karnataka)** under HAM - **Cash Flow & Liquidity Initiatives**: - Recovered ₹250 crores under **Vivad Se Vishwas II**; pursuing additional claims - Received ₹2,446.87 million from GoI for contractual disputes (Sep 2024) --- ### **Technology & Digital Transformation** - Implementing **SAP S/4HANA Public Cloud** to streamline: - Materials Management - Plant Maintenance - Financial Accounting - Project Systems - Sales & Distribution - Aims to enhance **operational efficiency, integration, and project tracking**