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23 April, 2024 17:39 IST
Atlanta secures highway project from NHAI
Source: IRIS | 16 Jul, 2014, 10.48AM
Rating: NAN / 5 stars.
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Atlanta, an infrastructure company, announced that the company has secured single order from National Highways Authority of India (NHAI).

The project is for the operation and maintenance of a four lane Highway Guwahati Bypass - Nagaon - Daboka - Udauli Section of NH-37, 36 and 54/54E from Guwahati Bypass with the total Length of 205.16 kmon OMT (Operation, Maintenance and Transfer) basis in the State of Assam. The project has concession period of 9 years. Atlanta is forming a SPV to undertake the said project.

With the award of this project, Atlanta has 1603 Km of single lane width under operation/ development out of which 1135 Km single lane width road will be operational during the current fiscal.

Atlanta has successfully commissioned India's first Greenfield BOT project on National Highways -Udaipur Bypass on PPP basis within the record time of 18 months as against stipulated time of 36 months. Atlanta presently has five projects on DBFOT basis.

Shares of the company gained Rs 3.10, or 5.04%, to trade at Rs 64.60. The total volume of shares traded was 211,357 at the BSE (10.42 a.m., Wednesday).

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