Wednesday , November 20 2019
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ARSS Infrastructure Projects touches roof on its JV securing work order of Rs 60.57 crore in Odisha

ARSS Infrastructure Projects is currently trading at upper circuit of Rs. 21.90, up by 1.00 points or 4.78% from its previous closing of Rs. 20.90 on the BSE.

The scrip opened at Rs. 21.90 and has touched a high and low of Rs. 21.90 and Rs. 21.90 respectively. So far 1050 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. 22.45 and Rs. 19.00 respectively. The current market cap of the company is Rs. 47.52 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-ROYAL’ has received work order worth around Rs 60.57 crore for construction of two numbers of Major Bridge No. 611 at Km 344.87 in Rayagada- Ladda Section and Major Bridge No. 624 at KM 352.03 in Ladda- Jimdipeta section and other Bridge works in Connection with 3rd line between Rayagada (KM: 343.90) to Jimidipeta (KM: 356.518) (Package-5A) on Waltair Division of East Coast Railway in the state of Odisha from Rail Vikas Nigam.

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.