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ARSS Infrastructure Projects touches roof as its JV secures work order of Rs 76.15 crore

ARSS Infrastructure Projects is currently trading at upper circuit of Rs. 24.05, up by 1.10 points or 4.79% from its previous closing of Rs. 22.95 on the BSE.

The scrip opened at Rs. 24.05 and has touched a high and low of Rs. 24.05 and Rs. 24.05 respectively. So far 534 shares were traded on the counter.

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. 19.00 on 10-Oct-2019.

Last one week high and low of the scrip stood at Rs. 24.05 and Rs. 20.90 respectively. The current market cap of the company is Rs. 54.68 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-BDPL has received work order worth around Rs 76.15 crore from Container Corporation of India for construction of handling platforms, Railway track, Truck parking area, buildings and other ancillary facilities for IFFCO at MMLP Paradip, Odisha.

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.

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