Atlanta arm starts collection of toll of Nagpur-Kondhali-Talegaon

Atlanta announced that Balaji Toll Ways (BTL) a subsidiary of the Atlanta (Q,N,C,F)* - 99.74% equity shares held by Atlanta has completed 4 laning of the above road for the length of 40.8 km.

Ministry of Road Transport and Highways, Government of India has notified vide notification no. S.O. 3059 (F) dated Dec. 30, 2010 for authorizing BTL for toll collection for the said portion of National Highway No 6. BTL is authorised to collect toll upto to Jun. 05, 2026.

This is the 3rd Project of Atlanta which has been completed on build, operate and transfer basis (BOT) as a developer, the other projects being Udaipur Bypass and Mumbra Bypass.

The facility has been constructed under PPP model at a project cost of Rs 3.16 billion.

Shares of Atlanta gained Rs 1, or 1.11%, to trade at Rs 90.70. The total volume of shares traded was 22,095 at the BSE .