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We expect the mining sector to pick up after successful auctions |
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Rajhoo Bbarot, MD, Atlanta Limited |
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Q. 1. Atlanta is into Infrastructure Development, Real Estate and Mining in India. Please elaborate your ongoing projects in these three sectors.
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A]Atlanta Limited is executing following project in the infrastructure Development sector:
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Mohania-Ara, Bihar (4 Lane- 117 Kms)
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Ropar –Doraha, Punjab (54.74 Kms)
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Guwahati Bypass-Nagaon-Daboka-Udauli,Assam( 205 Kms)
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Nagpur-Kondhali, Maharashtra (40.90 Kms)
B]Atlanta Limited is developing about 13.6 Lacs Sq.Ft. in the Real Estate for the Residential as well as Commercial Projects. At present ongoing projects are as follows :
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ABT Apartment, Malad – 55000 Sq. Ft.
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Atlanta Enclave, Thane – 6,33,000 Sq.Ft.
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Olympic Lifstyles ,Jhodhpur, Rajasthan – 520000 Sq. Ft.
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Atlanta House, Delhi – 16,000 Sq. Ft.
C]As far as Mining is concerned Atlanta Limited has got expertise in the surface mining and awaiting appropriate opportunity to participate this type of project.
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Q. 2 Mining sector is in shambles at present. How soon, you expect the things to settle and investment to pick up in this vital sector?
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We expect the mining sector to pick up after successful auctions of substantial coal mines to private and public companies
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Q. 3. While executing Infra projects, will Atlanta prefer the safe and secure EPC route or would like to take up PPP projects also?
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Atlanta Limited is contemplating a blend of EPC as well as PPP projects. Atlanta Limited would like to take up PPP projects having IRR 18% and above
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Q.4. What is Atlanta's exposure in Real Estate sector? How much land bank you possess?
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So far Atlanta Limited has completed about more than 3 million sq. ft. for Residential and Commercial projects in and around Mumbai. At present Atlanta Limited is developing 13.60 Lacs Sq.Ft. for Commercial and Residential projects at various cities. Atlanta Limited is having Land bank of about 40 acres at various places such as Thane, Nagpur
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Q.5.Do you see FDI inflow as a boom or bane to the Construction industry?
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We see FDI inflow shall facilitate the construction industry for development of various infrastructure projects.
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