Atlanta gains as SPV achieves financial closure for its Punjab Road project

17 Dec 2012

Atlanta is currently trading at Rs. 40.25, up by 0.40 points or 1.00% from its previous closing of Rs. 39.85 on the BSE.

The scrip opened at Rs. 40.25 and has touched a high and low of Rs. 40.30 and Rs. 40.20 respectively. So far 2,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 70.00 and a 52 week low of Rs. 32.35.

The current market cap of the company is Rs. 328.00 crore.

The promoters holding in the company stood at 71.03% while Institutions and Non-Institutions held 2.98% and 25.99% respectively.

Atlanta, a leading infrastructure company with proven track record of over three decades in Infrastructure Development, Engineering, Procurement, Construction (EPC) and Realty has achieved financial closure through its special purpose vehicle (SPV) company - Atlanta Ropar Tollways for the work of development and operation & maintenance of the Ropar - Chamkaur Sahib - Neelon Doraha (up to NH-1) road on design, build, finance, operate and transfer (DBFOT) basis (Km .0 to 54.735 Km) in the state of Punjab.

Besides, the total cost of the project is Rs 200 crore and Union Bank of India has underwritten the term loan for an amount of Rs 134 crore for the said project. Atlanta along with its subsidiary is holding 99.94% stake in the SPV Company.

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.

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