Atlanta bags order from NHAI for highway in Assam on OMT basis

Infrastructure firm Atlanta Ltd today 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 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.

Chairman and Managing Director Atlanta, 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."

The company said it has commissioned India's first Greenfield BOT project on National Highways - Udaipur Bypass on PPP basis within the record time of 18 months as against stipulated time of 36 months.

Atlanta presently has five projects on DBFOT (design, build, finance, operate and transfer) basis.

The company scrip closed at Rs 66.15, up 7.56% from the previous close, on the BSE.