Moneycontrol
Jan 12, 2017 09:32 AM IST | Source: Moneycontrol.com

Atlanta gains 4% on Rs 1292 crore order win from NHAI

"The company has been declared as a preferred bidder for six laning of NH-8 in the states of Gujarat under NHDP Phase V (Package-VI) on hybrid annuity mode at a total project cost of Rs 1292 crore by the National Highways Authority of India (NHAI)," as per press release.

 
 
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Moneycontrol Bureau

Share price of Atlanta advances 6 percent intraday Thursday after receiving order worth Rs 1292 crore from NHAI.

"The company has been declared as a preferred bidder for six laning of NH-8 in the states of Gujarat under NHDP Phase V (Package-VI) on hybrid annuity mode at a total project cost of Rs 1292 crore by the National Highways Authority of India (NHAI)," as per press release.

The company will form a special purpose vehicle (SPV) for the implementation of the said project.

At 09:21 hrs Atlanta was quoting at Rs 83.45, up Rs 4.70, or 5.97 percent on the BSE.

Posted by Rakesh Patil
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