KNR Constructions has received two hybrid annuity projects (HAM) with total bid project cost of ₹2,964.07 crore.
Both the projects — one in Andhra Pradesh and another in Telangana — are under the Bharatmala Pariyojana. The project in Andhra Pradesh is worth ₹1,730.07 crore with concession period of 17.5 years and construction period of 2.5 years.
The ₹1,234-crore Telangana project has to be completed in two years and the concession period is 17 years.