Archive · 1 Oct 2025
Atlantaa Stock Jumps After Expressway Deal with IRCON
Atlantaa Ltd and IRCON have partnered to build part of a new expressway in Maharashtra.
This agreement is worth a lot of money, about ₹2,485 crore.
The project is for a section of the Bhandara-Gadchiroli Expressway.
Atlantaa's stock went up significantly when the deal was announced, showing investors are optimistic about the project.
The project involves building a stretch of road from Sarandi Bk to Kinhi.
The agreement is contingent upon IRCON receiving the final award from the Maharashtra State Road Development Corporation (MSRDC).
Atlantaa Ltd and IRCON signed an agreement for an expressway project.
The project is the Bhandara–Gadchiroli Access Controlled Expressway (Package BG-03).
The sub-contract is worth ₹2,485 crore plus GST.
The expressway section covers 34.786 km.
Atlantaa's shares hit a 20% upper circuit.
- Who
- Atlantaa Ltd and IRCON International Ltd
- What
- Signed a sub-contract agreement for the construction of a section of the Bhandara–Gadchiroli Access Controlled Expressway
- When
- Shares rose on Wednesday
- Where
- Maharashtra, India
- Why
- To undertake the expressway project
- Agreement Parties
- Atlantaa Ltd and IRCON International Ltd
- Project
- Bhandara–Gadchiroli Access Controlled Expressway (Package BG-03)
- Sub-contract Value
- ₹2,485 crore plus applicable GST
- Expressway Section
- 34.786 km, Sarandi Bk to Kinhi
- Atlantaa Share Price Increase
- 20%
