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KNR Constructions Ltd has informed BSE that the size of two road contracts has been downsized from Rs 580.17 crore to Rs 150 crore.
The order awarded from Sadhbhav Engineering Ltd was for rehabilitation and upgradation of a road to two lanes with paved shoulders in Madhya Pradesh.
The order requires KNR to execute and maintain Chhindwara-Linga-Umarnala-Saoner section of National Highway-26B over 86 km stretch. This includes Chhindwara bypass road between 23 and 29 km stretch.
The company also had an order for another stretch of road between Multai up to Imlikhara over 77 km in Maharashtra.
The project is to be completed in 36 months from the appointed date.
The company shares were trading at Rs 108, up 2.11 per cent during the day.
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