Atlanta shares zoom over 7.5 pct on bagging order from NHAI

Written by Press Trust of India | Mumbai | Updated: Jul 17 2014, 01:11am hrs
Shares of infrastructure firm Atlanta Ltd today zoomed over 7.5 per cent after the company said it has secured an order from National Highways Authority of India for operations and maintenance of a four lane highway stretch in Assam.

The infrastructure firm's scrip ended the day 7.56 per cent higher at Rs 66.15

on the BSE. During the day, it surged 8.94 per cent to Rs 67.

At the NSE, shares of Atlanta rallied 7.21 per cent to Rs 66.20.

On the volume front, 4.29 lakh shares of the company changed hands at the BSE, while over 6 lakh shares were traded at the NSE during the day.

The project, Guwahati Bypass-Nagaon-Daboka-Udauli, section of NH-37, 36 and 54/54E with a total length of 205.16 km on operation, maintenance and transfer (OMT) basis has a concession period of 9 years, a company statement said.

"Atlanta Limited is forming a SPV to undertake the 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," it said.

Atlanta Chairman and Managing Director Rajhoo Bbarot said: "Atlanta was selected on the basis of past experience and financial capabilities. It symbolises the trust these clients have on us. This is a platform to showcase our skills and quality in operations and we are very much confident to accomplish these projects."