KNR Constructions Limited has made an important announcement regarding a major infrastructure project in Karnataka, aligning with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed the appointed date for the project, which is April 30, 2025, following the approval granted by the Competent Authority on the same date.

The project, titled “Construction of Access-Controlled Four-Laning with Paved Shoulder from Mysore to Kushalnagara Section of NH-275,” is a key part of infrastructure development in Karnataka. It spans from Design Ch. Km 169+000 near the SH-86 Ramanathapura – Terakanambi Road/KR junction in Hunsur to Design Ch. Km 195+550 at Yalachahalli Near SH-117 Yelawala – KR Nagara Road junction. This development is critical for improving road connectivity and traffic management in the region.

Project Details

The project will involve the construction of a four-lane highway with a paved shoulder under the Hybrid Annuity Mode (HAM), a financing model that blends both public and private sector investment. This method allows the government to pay a portion of the project's costs upfront, with the remainder being paid out periodically upon completion of key milestones.

The appointed date, which marks the formal start of the project, is a significant milestone for KNR Constructions, showcasing its continued commitment to infrastructure development in India. The NH-275 project is an essential part of the government's efforts to improve national highway connectivity in the state of Karnataka.

Importance for the Company and Stakeholders

For KNR Constructions, the announcement of the appointed date signifies the official commencement of operations on the project. The company's shareholders and investors are encouraged to view this as a positive step forward, as it indicates the start of construction and the subsequent revenue-generating phases of the project.

This announcement is also part of the company’s ongoing regulatory compliance under the SEBI regulations, ensuring transparency and timely updates for its investors and the stock exchanges.

No Immediate Impact on Operations

While the project is significant in terms of infrastructure development, KNR Constructions has assured stakeholders that the applying of the appointed date will not disrupt any of the company's ongoing operations. The company remains committed to completing the project as per schedule, with minimal disruptions, and continues to focus on delivering high-quality work in all its ventures.

This disclosure is in line with the company's ongoing compliance with SEBI (LODR) Regulations, ensuring that investors are kept informed of significant developments in real-time.

Conclusion

In conclusion, the appointed date of April 30, 2025, for the NH-275 Mysore to Kushalnagara project is a key milestone for KNR Constructions Limited, marking the official start of construction activities under the Hybrid Annuity Mode. This project will significantly improve road infrastructure in Karnataka and is expected to contribute positively to the company’s future growth and development. Shareholders and stakeholders are encouraged to monitor further updates as the project progresses.

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