National Highways & Infrastructure Development Corporation (NHIDCL) has wrongfully and illegally terminated the EPC Contract of Atlanta for four laning of end of moran bypass (Km.561.700) to Bogibeel Junction near Lapetketa (Km.580.778) of NH-37 in the state of Assam under SARDP-NE, Phase A Project dated February 11, 2016 and invoked Bank Guarantees (BG) issued in favour of NHIDCL towards Performance Bank Guarantee and Mobilisation Advances amounting to Rs 46.62 crore on March 1, 2018. The company has invoked arbitration proceeding for recovery of damages in the said matter.
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.
