ARSS Infrastructure hits upper circuit after Rs 130 crore order win

On Wednesday, ARSS Infrastructure informed the bourses that it has received a work order worth Rs 130.09 crore by Rail Vikas Nigam Limited (RVNL). The company further announced that they have also received a Letter of Acceptance (LoA) for the same.

The awarded order relates to the doubling of Sambalpur-Titlagarh of the East Coast Railway in Deobahal and Barapali section. It includes the execution of Permanent Way (P-Way) linking works, yard remodelling and other miscellaneous works like widening and extension of platforms, Freight on Board (FOB), goods platforms, passenger amenities, signal and telegraph works and general electrical works.

ARSS Infrastructure Projects Limited is engaged in civil construction activities. Its principal areas of work include road works, bridge works, railway works, power works, real estate works and irrigation works.

Reacting to this announcement, the stock of ARSS Infrastructure locked at its upper circuit of 20 per cent and thereby, trading was suspended at Rs 16.55 per share, up by 19.93 per cent or Rs 2.75 per share. The stock’s 52-week high is Rs 63 and the 52-week low is Rs 13.80 on BSE.