MUMBAI, Dec 7: With the government expected to bid out nearly Rs 50,000 crore worth of road projects in the next 12 months, EPC firm Atlanta is eyeing around Rs 2,000 crore contracts, according to a senior company official.
Besides, it expects to achieve over Rs 700 crore revenue in 2015-16, he said.
“After the new government came into place, we are seeing some activity happening, especially on the infrastructure front. We expect that more road projects will come up for bidding in the next 12 months, which gives us a confidence of achieving over Rs 700 crore of revenue by FY16,” Atlanta joint managing director Rikiin Bbarot told PTI here.
He said the company will be cautiously bidding for the projects, which may be either on engineering, procurement and construction (EPC) model or build-operate-transfer (BOT) basis.
“We expect that the Rs 50,000 crore worth projects will be
tendered out on both these models. We may bid for at least Rs 5,000 crore worth projects and expect to bag around Rs 2,000 crore worth contracts,” he said.
The Mumbai-based company had clocked revenue of over Rs 360 crore in 2013-14.
As of November, the EPC order book of the company is around Rs 2,350 crore, which also includes the projects bagged by its subsidiary Atlanta Infra Assets under the BOT/ DBFOT model.
The company has also diversified in the real estate sector
and has projects in Mumbai, Thane, Jodhpur and Delhi.
Nearly 1.2 million sq ft of projects are under various stages of development while it has already delivered nearly 2.35 lakh sqft.
“The real estate sector is witnessing some signs of revival. We may also expand this portfolio in the coming years, but we are waiting for some clarity on the policies.
“But currently our focus will be on the infrastructure business,” Bbarot said.
The BSE-listed firm also has interests in the limestone and coal mining sector and has serviced clients like Mahanadi Coal Fields, TATA Chemicals, ACC, Reliance Petroleum, Narmada Cement, Ambuja Cement and Saurashtra Cement.
“We are waiting for some clarity on the coal block re-allocation. If non-captive users are allowed to bid, we see a good scope in this segment, as we have expertise in mining technologies.
“If allowed, we can own the mines, excavate and sell the coal to the end users,” he added. (PTI)
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