Infrastructure and real estate company Atlanta today said it was expecting up to 60% growth in revenue as well as net profit year-on-year for the next five years on the back of healthy order book.
"With huge domestic demand every year, our contracts are growing and as of now we have Rs 1,950 crore worth order book. With growing infrastructure sector we expect 50-60% growth both in top-line as well as bottom-line," Atlanta Managing Director Rajhoo Bbarot said here.
Atlanta's consolidated revenue stood at Rs 284.15 crore for the year ended March 31, while the net profit was Rs 44 crore for the period.
The company is aiming to execute contracts worth Rs 1,000 crore in FY12, he said.
Atlanta has business spread over in four verticals like engineering, procurement and construction (EPC), infrastructure, realty and mining sectors.
In EPC, he said, the company would build 117 kilometres road from Mohinia till Ara in Bihar onpublic-private-partnership model (PPP), which will reduce the distance to the north east by 170 km.
It will take 2.5 years of construction time requiring investment of Rs 917 crore, of which the government will invest Rs 298 crore, the company will put Rs 175 crore and the rest will be through debt, he said.
In real estate, the company is working on housing projects to the extent of 10 lakh square feet in Mumbai.
"We are planning to launch two housing projects this October for a total cost of Rs 700 crore to be raised through internal accruals. Apart from Mumbai we have presence in Jodhpur and Delhi as well. However, our main focus will remain in Mumbai," he said.
