+
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
Real Estate

Kamdhenu Realities acquires 4-acre Navi Mumbai land parcel

Kamdhenu Realities has acquired a 4-acre land parcel from RPG Life Sciences on Thane-Belapur Road for approximately Rs 1.5 billion, expanding its commercial real estate portfolio in Navi Mumbai.The parcel has a total developable potential of 1.8 million sq ft, on which Kamdhenu plans to develop a destination-scale commercial and lifestyle ecosystem. The proposed development will combine corporate office suites with high-street retail, F&B outlets, double-height lobbies, business infrastructure and lifestyle amenities.Located close to IKEA and opposite the upcoming Pawane Railway Station, t..

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code