Letter of Acceptance for ~Rs. 157.55 crore GHMC flyover and underpass works revoked
KNR Constructions has received a letter revoking its Letter of Acceptance (LoA) from Greater Hyderabad Municipal Corporation for Banjara Hills flyover and underpass works, as the project has been cancelled.
By ScoutQuest · · 1 min read
- LoA Value
- ~Rs. 157.55 crore excluding GST
- Reason for Revocation
- cancellation of the project
- Revoking Authority
- Greater Hyderabad Municipal Corporation (GHMC)
KNR Constructions has informed the stock exchanges that the Letter of Acceptance (LoA) it had received from Greater Hyderabad Municipal Corporation (GHMC) has been revoked.
What the update says
- The company had earlier intimated, by letter dated 29 August 2026, the receipt of a Letter of Acceptance from GHMC.
- It has now received a letter of revocation of that Letter of Acceptance.
- The stated reason is cancellation of the project.
The project that was revoked
- Construction of a 2-lane unidirectional flyover at NFCL Junction, Banjara Hills, GHMC.
- Construction of a 2-lane unidirectional underpass and a 3-lane unidirectional flyover at TV9 Junction, Banjara Hills, GHMC.
- Executed under Engineering Procurement and Construction (EPC) mode, in the state of Telangana.
- Value: ~Rs. 157.55 crore (Rupees One Hundred and Fifty-Seven Crores Fifty-Four Lakhs Sixty Thousand Only), excluding GST.
What a Letter of Acceptance means
A Letter of Acceptance is the communication by which a client formally accepts a bidder's offer and confirms that the work has been awarded to it. It comes before the formal contract is signed and work begins. A revocation of that letter means the award no longer stands.
How to read this
- The value involved is ~Rs. 157.55 crore excluding GST, which is the size of the work that has now fallen away.
- The company has given the reason as cancellation of the project by the client, GHMC.
- The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015, as a continuing disclosure obligation.
Also from KNR Constructions
Financial closure noted by NHAI for 80.01 km NH-167 HAM project
27 Oct 2026
Income Tax appeals order deletes Rs. 18,58,39,829 penalty for AY 2021-22
6 Oct 2026
Sale of wholly owned subsidiary KRIPL to Indus Infra Trust completed for Rs. 549.14 crore
6 Oct 2026
More numbers
- Value of the revoked Letter of Acceptance (excluding GST)Rs. 157,54,60,000/-
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.