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Atlanta surges on bagging order from NHAI for a stretch of 205.16 Km 4 lane road in Assam

16 Jul 2014 Evaluate

Atlanta is currently trading at Rs 64.30, up by 2.80 points or 4.55% from its previous closing of Rs. 61.50 on the BSE.

The scrip opened at Rs 62.30 and has touched a high and low of Rs 66.50 and Rs 61.90 respectively. So far 127901 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 73.15 on 02-Jul-2014 and a 52 week low of Rs. 24.55 on 23-Aug-2013.

Last one week high and low of the scrip stood at Rs 66.00 and Rs. 58.85 respectively. The current market cap of the company is Rs. 501.23 crore.

The promoters holding in the company stood at 72.19% while Institutions and Non-Institutions held 3.08% and 24.73% respectively.

Atlanta, a Mumbai based leading Infrastructure Development 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. The company is forming a SPV to undertake the said project.

With the award of this project, Atlanta has 1,603 Km of single lane width under operation/ development out of which 1,135 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.

Atlanta is a leading infrastructure company with proven track records of over three decades of experience in engineering, procurement, construction (EPC) and realty. It has presence in three of the country’s fastest growing segments -- infrastructure development, mining and realty.

Atlantaa Share Price

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