KNR Constructions Ltd Receives Rs 32.87 Crores in Claims Settlement from NHAI
KNR Constructions Limited has received its share of claims amounting to Rs 32.87 Crores, which includes interest of Rs 6.89 Crores. The payment was received on April 23, 2026.The funds are the result of Settlement Agreements executed between the National Highways Authority of India (NHAI) and BSCPL Infrastructure Limited - KNR Constructions Limited (JV). These agreements were signed on March 30, 2026.
The dispute related to the project's Hubli-Hospet section of NH-63, where the matter was previously filed at the Conciliation Committee of Independent Experts (CCIE).
The financial details associated with the claim settlement are as follows:
| Particulars | Details |
|---|---|
| Party to Settlement Agreement | BSCPL Infrastructure Limited - KNR Constructions Limited (JV) |
| Opposing Party to Settlement Agreement | National Highways Authority of India |
| Dispute Agency | Conciliation Committee of Independent Experts (CCIE) |
| Total Claims Received (including interest) | Rs 32.87 Crores |
| Principal Claim Amount (Hubli-Hospet section of NH-63) | Rs 25.98 Crores |
| Interest Amount | Rs 6.89 Crores |
KNRCON Stock Price Movement
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