KNR completes NHDP project ahead of contract period.

KNR Constructions Ltd. has announced that it has completed the rehabilitation and upgradation of existing National Highway 565 from 425 km to 509 km between Penchalakonda and Yerpedu section in Andhra Pradesh under National Highways Development Programme IV.

The project has been executed under engineering, procurement and construction (EPC) contract 121 days ahead of the scheduled date of completion.

As per the terms and conditions of the contract, the company earned a bonus of Rs. 6.02 crore, which is about 3 per cent of the contract value and equivalent to bonus for 100 days, KNR Constructions informed the BSE.

HBL