KNR Constructions Receives Rs 130.10 Crores Claim Amount from NHAI
KNR Constructions Limited has announced the receipt of a significant settlement amount from the National Highways Authority of India (NHAI). The funds were received on April 21, 2026, stemming from claims related to settlement agreements executed between the two parties on March 30, 2026.The company reported that the gross amount of claims received totaled Rs 130.10 Crores. This total comprises a principal amount of Rs 91.79 Crores, along with interest amounting to Rs 38.31 Crores.
The dispute necessitating the settlement agreement was filed before the Conciliation Committee of Independent Experts ('CCIE').
The recovery relates to multiple project sections of NH 83, with the financial implications broken down across two specific areas:
| Project Section | Principal Amount | Interest Amount |
|---|---|---|
| Madurai - Ramanathapuram section of NH 83 | Rs 72.20 Crores | Rs 35 Crores |
| Pollachi - Coimbatore section of NH 83 | Rs 19.59 Crores | Rs 3.31 Crores |
These settlement agreements were signed between KNR Constructions Limited and the National Highways Authority of India, marking the culmination of the claims process before the Independent Experts Committee.
KNRCON Stock Price Movement
Today, KNR Constructions Limited shares slipped by 0.09% to close at ₹120.91. The stock finished trading on a total volume of 1.69 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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