New Delhi, March 30 -- KNR Constructions share price rose by 8.5% on Monday, March 30, following the announcement that the company has received a letter of award from the National Highways Authority of India for a project in hybrid annuity mode valued at Rs.1,734 crore in Telangana over the weekend.

The project involves the construction of an 80.01 km segment spanning from Gudebellur (Design Km 182+930) to Mahabubnagar (Design Km 262+940) along the Hyderabad-Panaji route.

The overall bid amount for the project is Rs.1,734 crore and will be carried out under the Hybrid Annuity Mode (HAM).

According to the agreement, the construction phase is set to last 730 days, followed by a 15-year operational period starting from the commercial oper...