KNR Constructions Limited achieves financial closure for road project in Tamil Nadu

KNR Srirangam Infra Private Limited, a wholly owned subsidiary of KNR Constructions Limited, has achieved financial closure for a hybrid annuity model (HAM)-based road project in Tamil Nadu. The project involves four-laning of the Trichy-Kallagam section of National Highway-227 under the Bharatmala Pariyojana (residual project under the National Highways Development Programme). It will be implemented at an estimated cost of Rs 10.21 billion and is expected to be completed within two years from commencement of construction. The concession period for the project is 17 years.