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Atlanta gets Bihar road contract

Atlanta gets Bihar road contract
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First Published: Thu, Aug 11 2011. 06 33 PM IST
Updated: Thu, Aug 11 2011. 06 33 PM IST
Mumbai: Mumbai-based infrastructure company Atlanta Ltd got a Rs917 crore contract from the government of Bihar for widening the Mohania-Ara section of national highway No. 30.
The contract has been awarded on a design build finance operate transfer (DBFOT)-toll basis for a length of 116.76 km for the road connecting Patna and Durgavati via Dinara and Hisadi Bazaar.
Atlanta has formed a special purpose vehicle under the name of Mora Tollways Ltd to undertake this project.
Atlanta has got another DBFOT project in a consortium to rehabilitate, upgrade and widen the existing carriageway of the Ropar-Chamkaur Saheb-Neelon-Doraha section up to national highway 1 in Punjab. The total cost of this project in Punjab is Rs220 crore.
Atlanta Ltd rose 4.07% to Rs76.7 on Thursday on the Bombay Stock Exchange. The benchmark Sensex lost 0.42% to close at 17059.4 points.
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First Published: Thu, Aug 11 2011. 06 33 PM IST