KNR Construction, a multi domain infrastructure development organization, announced Friday the company has bagged orders worth Rs 9.37 billion from a Tamil Nadu under NHDP phase-III on EPC mode. The order is expected to be completed within a period of 30 months from the appointed date.

The first order is for improvement/ augmentation of four laning from km. 5,000 to km. 79.340. Another order is for two laning with paved shoulders from km. 79,340 to km. 118.795 of Madurai, Ramanathapuram section of NH-49.

Shares of the company declined Rs 8.7, or 1.94%, to settle at Rs 438.70. The total volume of shares traded was 4,909 at the BSE (Friday).