Chittor - Thatchur expressway (Package 3)

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This project entails the construction of the six-lane expressway Chittoor - Thatchur from 61.380 km to 96.040 km (package 3), located in the state of Andhra Pradesh and Tamil Nadu. The project company is KNR Ramagiri Infra, wholly-owned by the sponsor KNR Constructions. The concession is under the hybrid annuity mode (HAM) and has period of 15 years from commercial operation date (COD). Total investment stands at $137.53 million, of which the government provides 40% of the capital expenditures, which is part of the hybrid annuity mode (HAM) concession specifics. Financial close took place on 30 March, 2022. https://www.projectstoday.com/News/KNR-Constructions-receives-LoA-for-Chittor-Thatchur-highway https://www.icicidirect.com/mailimages/IDirect_KNR_Q1FY23.pdf https://equitybulls.com/category.php?id=310547 https://www.projectstoday.com/News/KNR-Constructions-achieves-financial-closure-for-Chittoor-Thatchur-Highway