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ARSS Infrastructure Projects touches roof on bagging work order of Rs 45.81 crore

ARSS Infrastructure Projects is currently trading at its upper circuit limit of Rs. 23.75, up by 1.10 points or 4.86% from its previous closing of Rs. 22.65 on the BSE.

The scrip opened at Rs. 23.75 and has touched a high and low of Rs. 23.75 and Rs. 23.75 respectively. So far 900 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. 25.30 and Rs. 22.65 respectively. The current market cap of the company is Rs. 51.50 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 has bagged order of Rs 45.81 crore from office of the executive engineer Sunepur (R & B) division, Sonepm for construction of portal frame bridge and road from 2.385 km to 3.850 Km of ring road of Sonepur in the District of Subarnapur under deposit work.

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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