Atlantaa Ltd Stock Soars 20% After Securing ₹2,485 Cr IRCON Project
Atlantaa Ltd's stock surged nearly 20% after the company secured a significant ₹2,485 crore EPC road project with IRCON International Limited. Despite recent quarterly losses, the company's diverse portfolio and government collaborations highlight strong growth potential.
Stock MarketInfrastructureReal EstateIrconEpc ProjectReal EstateOct 01, 2025
With a market capitalization of Rs 380.12 crore, the shares of Atlantaa Ltd were trading at Rs 46.64 per share, increasing around 19.99 percent as compared to the previous closing price of Rs 38.87 apiece.
The shares of Atlantaa Ltd have seen positive movement after signing a significant agreement with IRCON International for the construction of the Bhandara–Gadchiroli Access Controlled Expressway in Maharashtra. The project, under EPC Mode (Package BG-03), spans 34.786 km from Sarandi Bk, Bhandara, to Kinhi, Bramhapuri, Chandrapur, and has been awarded by the Maharashtra State Road Development Corporation (MSRDC). The agreement, valued at Rs 2,485 crore.
Additionally, the agreement between the company and IRCON is based on IRCON being declared L-1 for the project by MSRDC, following proper tender procedures. The contract is entered in anticipation of the project award, with the company committing to provide further updates once MSRDC officially grants the project, ensuring transparency and compliance with regulatory requirements.
The company’s Q1FY26 performance weakened, with revenue falling 5.6 percent to Rs 14.54 crore from Rs 15.41 crore a year ago. Profitability declined sharply, turning a Rs 13.29 crore profit into a Rs 1.71 crore loss, reflecting operational or cost pressures affecting earnings despite a relatively modest revenue decline.
The company has a diverse project portfolio spanning infrastructure and real estate. In infrastructure, key projects include Ropar Tollways, Udaipur Bypass, Nagpur Kondhali Toll Plaza, Mumbra Bypass Toll, and the Dahej SEZ. In real estate, it has developed Shrikant Chambers, Olympic Lifestyles, Atlanta Enclave, and ABT Apartments, reflecting a balance between large-scale transport and residential developments.
Atlanta Limited partners with key Indian government agencies, including MSRDC, Airports Authority of India, and NHAI, highlighting its strong role in national infrastructure. Its collaborations span road, rail, industrial, and defence sectors, showcasing a commitment to India’s development journey and reputation as a trusted partner for both state and central authorities in major growth projects.
Atlantaa Limited is an infrastructure development company engaged in EPC contracts, Public-Private Partnerships, real estate, and the construction of roads, highways, and bridges. The company operates on a foundation of integrity, transparency, and accountability, ensuring fair and ethical practices in all its dealings with various stakeholders.
Frequently Asked Questions
What caused the 20% surge in Atlantaa Ltd's stock?
The stock surged 20% after Atlantaa Ltd signed a significant ₹2,485 crore EPC road project agreement with IRCON International Limited.
What is the value of the project secured by Atlantaa Ltd?
The project secured by Atlantaa Ltd is valued at ₹2,485 crore.
What is the scope of the Bhandara–Gadchiroli Access Controlled Expressway project?
The project spans 34.786 km from Sarandi Bk, Bhandara, to Kinhi, Bramhapuri, Chandrapur, and is under EPC Mode (Package BG-03).
How did Atlantaa Ltd's financial performance fare in Q1FY26?
In Q1FY26, Atlantaa Ltd's revenue fell 5.6 percent to Rs 14.54 crore, and profitability declined sharply, turning a Rs 13.29 crore profit into a Rs 1.71 crore loss.
What are some of Atlantaa Ltd's key infrastructure projects?
Atlantaa Ltd's key infrastructure projects include Ropar Tollways, Udaipur Bypass, Nagpur Kondhali Toll Plaza, Mumbra Bypass Toll, and the Dahej SEZ.
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