+
Atlantaa Inks Rs 24.9 Billion Deal For Maharashtra Expressway
ROADS & HIGHWAYS

Atlantaa Inks Rs 24.9 Billion Deal For Maharashtra Expressway

Atlantaa Limited (formerly Altanta Limited) announced on 30 September that it has entered into an agreement with IRCON International Limited for the construction of the Bhandara–Gadchiroli Access Controlled Expressway in Maharashtra.
The project, awarded under the Engineering, Procurement and Construction (EPC) mode, involves Package BG-03, covering the stretch from km 34+750 at Sarandi Bk in Lakhandur, Bhandara district, to km 69+536 at Kinhi in Bramhapuri, Chandrapur district, spanning a total length of 34.786 kilometres.
The sub-contract is valued at approximately Rs 24.9 billion, excluding applicable GST. The agreement was signed in anticipation of the official project award by the Maharashtra State Road Development Corporation (MSRDC) to IRCON, which was declared the L-1 bidder following all legal and tendering processes.
Atlantaa stated that further disclosures will be made once MSRDC officially awards the project to IRCON.
On the Bombay Stock Exchange (BSE), shares of Atlantaa Ltd closed at Rs 38.87, up 1.01 per cent, while IRCON International Ltd shares ended at Rs 171.55, rising 1.21 per cent.
The expressway is expected to significantly improve connectivity between Bhandara and Gadchiroli, enhancing regional trade and mobility in eastern Maharashtra. 

Atlantaa Limited (formerly Altanta Limited) announced on 30 September that it has entered into an agreement with IRCON International Limited for the construction of the Bhandara–Gadchiroli Access Controlled Expressway in Maharashtra.The project, awarded under the Engineering, Procurement and Construction (EPC) mode, involves Package BG-03, covering the stretch from km 34+750 at Sarandi Bk in Lakhandur, Bhandara district, to km 69+536 at Kinhi in Bramhapuri, Chandrapur district, spanning a total length of 34.786 kilometres.The sub-contract is valued at approximately Rs 24.9 billion, excluding applicable GST. The agreement was signed in anticipation of the official project award by the Maharashtra State Road Development Corporation (MSRDC) to IRCON, which was declared the L-1 bidder following all legal and tendering processes.Atlantaa stated that further disclosures will be made once MSRDC officially awards the project to IRCON.On the Bombay Stock Exchange (BSE), shares of Atlantaa Ltd closed at Rs 38.87, up 1.01 per cent, while IRCON International Ltd shares ended at Rs 171.55, rising 1.21 per cent.The expressway is expected to significantly improve connectivity between Bhandara and Gadchiroli, enhancing regional trade and mobility in eastern Maharashtra. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code