KNR Constructions Bags ₹4,800 Cr Coal Mining Contract, Strengthens Order Book Amid Weak Q4

, through its joint venture with Harsha Constructions, has secured a ₹4,800 crore contract from NTPC’s subsidiary Patratu Vidyut Utpadan Nigam for the development and operation of the Banhardih coal block in Jharkhand. KNR will execute 74% of the project, with the remainder handled by its JV partner. The contract spans five years, plus a 360-day initial development phase, and covers reserves of 34.50 million tonnes. This order win is strategically significant and strengthens KNR’s forward visibility, especially at a time when Q4 FY25 results reflected a sharp 61% YoY drop in net profit to ₹248 crore and a 31% decline in revenue. The stock surged up to 9% intraday post the announcement, reflecting improved market sentiment, but sustained execution and margin stability remain key monitorables in the coming quarters. Follow me for more such updates, Thank You! Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.