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ARSS Infrastructure Projects rises as its JV bags work order worth Rs 78 crore

ARSS Infrastructure Projects rises as its JV bags work order worth Rs 78 crore

ARSS Infrastructure Projects is currently trading at Rs. 32.60, up by 0.30 points or 0.93% from its previous closing of Rs. 32.30 on the BSE.

The scrip opened at Rs. 32.60 and has touched a high and low of Rs. 32.60 and Rs. 32.60 respectively.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 63.00 on 22-Apr-2019 and a 52 week low of Rs. 17.80 on 20-Jul-2018.

Last one week high and low of the scrip stood at Rs. 36.80 and Rs. 32.30 respectively. The current market cap of the company is Rs. 73.44 crore.

The promoters holding in the company stood at 46.70%, while Institutions and Non-Institutions held 0.41% and 52.89% respectively.

ARSS Infrastructure Projects’ Joint Venture (JV) –ARSS-SCPL (JV) has won a work order of Rs 77.96 crore for Construction of earth work, Bridge work, Protection work for minor and major bridges, Slope of bank, Buildings, site facilities, General Electrical works and other miscellaneous works in section Deobahal (IN)- Barpali (IN) in connection with the doubling of Sambalpur –Titlagarh in Sambalpur Division of East Coast Railway, from Rail Vikas Nigam on July 18, 2019

ARSS Infrastructure Projects started as a construction company in the field of railway infrastructure development. The company has developed an expertise in railway construction projects, which include earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc.