Atlanta eyes 60% revenue y-o-y for the next five years

10 Jun 2011

Atlanta, infrastructure and real estate company is expecting up to 60% growth in revenue as well as net profit year-on-year for the next five years on the back of healthy order book. With huge domestic demand every year, the company’s contracts are growing and at present it has order book worth Rs 1,950 crore. The company is expecting 50-60% growth both in top-line as well as bottom-line supported by growing infrastructure sector.

In FY12, the company is aiming to execute contracts worth Rs 1,000 crore. The company has business spread over in four verticals like engineering, procurement and construction (EPC), infrastructure, realty and mining sectors. In EPC, the company would build 117 kilometres road from Mohinia till Ara in Bihar on public-private-partnership model (PPP), which will reduce the distance to the north east by 170 km.

It will take 2.5 years of construction time requiring investment of Rs 917 crore, of which the government will invest Rs 298 crore, the company will put Rs 175 crore and the rest will be through debt. The company is working on housing projects to the extent of 10 lakh square feet in Mumbai in its real estate division. The company is planning to launch two housing projects this October for a total cost of Rs 700 crore to be raised through internal accruals. Apart from Mumbai the company has got its presence in Jodhpur and Delhi as well.

Atlanta has presence in three of the country’s fastest growing segments - infrastructure development, mining and realty, residential, commercial and industrial projects across pan India. A niche and specialized player, the company has a diversified and de-risked work portfolio and enjoys an early mover advantage with over three decades of presence in Engineering, Procurement and Construction (EPC) and realty and over a decade plus presence in executing Public Private Partnership (PPP) contracts and contact mining of limestone and coal.

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