Atlanta eyes Rs. 2,000-crore road projects; Rs 700-crore revenue by FY 2016.

With the government expected to bid out nearly Rs. 50,000 crore worth of road projects in the next 12 months, EPC firm AtlantaB 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.

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.

ET