Atlantaa Ltd Wins Rs 2,485 Crore Expressway Contract, Shares Surge
Atlantaa Ltd has signed a significant contract worth Rs 2,485 crore with IRCON International Ltd. The deal, inked on Friday, 3 October, involves the construction of the Bhandara-Gadchiroli Access Controlled Expressway in Atlanta. The news has boosted Atlantaa's shares, which hit a 20% upper circuit on the same day.
IRCON International was selected as the lowest bidder (L-1) for the project, known as Package BG-03. The total distance of the expressway spans 34.786 km. Atlantaa Ltd, a prominent player in the infrastructure development sector, specialises in engineering, procurement, and construction (EPC), and PPP-based infrastructure development, including road and highway construction. The contract includes GST, totalling Rs 2,485 crore.
This substantial contract win is set to bolster Atlantaa Ltd's portfolio and revenue. The Bhandara-Gadchiroli Access Controlled Expressway project, once completed, will enhance connectivity and accessibility in the Atlanta region, contributing to overall infrastructure development in Atlanta.
Read also:
- Small Business Owners Sound Alarm on Tariff Challenges
- THW Marks 75 Years of Saving Lives at Home and Abroad
- Kazakhstan's National Bank Boosts Currency Sales to $1.4 Trillion in Q4
- Federal petition from CEI seeking federal intervention against state climate disclosure laws, alleging these laws negatively impact interstate commerce and surpass constitutional boundaries.
