{"id":370403,"date":"2020-08-28T10:58:39","date_gmt":"2020-08-28T05:28:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=370403"},"modified":"2020-08-28T10:58:39","modified_gmt":"2020-08-28T05:28:39","slug":"new-orders-improve-knr-constructions-revenue-visibility","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/new-orders-improve-knr-constructions-revenue-visibility\/","title":{"rendered":"New orders improve KNR Construction&#8217;s revenue visibility"},"content":{"rendered":"<p>ET Intelligence Group: The stock of KNR Constructions has gained 19% in the past eight trading sessions since the company&#8217;s June quarter results on August 18. A sustained momentum in new orders, better execution, stronger than expected quarterly performance and lean balance sheet relative to some of the peers are the major factors that support the stock movement.<\/p>\n<p>The mid-tier construction company, which focuses on roads, highways, irrigation and urban water infrastructure segments, reported Rs 2,300 crore worth of fresh orders for the June quarter at a time when several peers are finding it difficult to grow order books. It announced another order win worth Rs 1,157 crore on Wednesday from the Tamil Nadu government to construct an elevated highway in the state. This takes the total outstanding order book to Rs 7,210 crore giving revenue visibility over the next three years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ET Intelligence Group: The stock of KNR Constructions has gained 19% in the past eight trading sessions since the company&#8217;s June quarter results on August 18. A sustained momentum in new orders, better execution, stronger than expected quarterly performance and lean balance sheet relative to some of the peers are the major factors that support the stock movement. The mid-tier construction company, which focuses on roads, highways, irrigation and urban water infrastructure segments, reported Rs 2,300 crore worth of fresh orders for the June quarter at a time when several peers are finding it difficult to grow order books. It [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,193,136],"tags":[],"class_list":["post-370403","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=370403"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370403\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}