Atlantaa Inks Rs 24.9 Billion Deal For Maharashtra Expressway

07 Oct 2025 CW Team

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.

Infrastructure Urban

14 Nov 2025

13 Firms Apply Under PLI Scheme with Rs 19.14 bn Investment

The fourth round of the Production Linked Incentive (PLI) Scheme for White Goods, covering air conditioners and LED lights, has attracted 13 applications with a committed investment of Rs 19.14 billion. The Department for Promotion of Industry and Internal Trade (DPIIT) had kept the window open from 15 September to 10 November 2025. Over half of the new applicants are Micro, Small and Medium Enterprises (MSMEs), signalling rising confidence among smaller manufacturers in joining the domestic AC and LED components value chain. Of the 13 applicants, one is an existing beneficiary that has pledg..

TEC, SRMIST Partner to Boost Indigenous Telecom R&D and Standards

The Telecommunication Engineering Centre (TEC), the technical arm of the Department of Telecommunications (DoT), has signed an MoU with the SRM Institute of Science and Technology (SRMIST) to collaborate on research, joint studies, and technical contributions in advanced telecom technologies and global standardisation. The partnership focuses on creating India-specific standards, test frameworks, and contributions to future network technologies including 6G, Artificial Intelligence (AI), Non-Terrestrial Networks (NTN), and Quantum Communication. It also seeks to strengthen India’s role in I..

C-DOT, NAM InfoCom Partner to Develop Mission-Critical MCX System

The Centre for Development of Telematics (C-DOT) has signed an agreement with NAM InfoCom Private to jointly develop an indigenous Mission Critical Communication System (MCX) solution. The collaboration is a major step towards strengthening India’s public safety and emergency communication infrastructure. Under the C-DOT MCX Alliance, the organisation has partnered with 10 entities—primarily startups—to build a comprehensive MCX ecosystem. The new MCX platform is aligned with 3GPP standards and supports Mission Critical Push-to-Talk, Mission Critical Data, and Mission Critical Video ser..