ARSS Infra at upper circuit on 2 order wins in Odisha

ARSS Infrastructure Projects Limited has won an order of Rs. 50,46,70,085 for "Construction of Roadbed, Minor Bridges, Service Buildings including Amenities, Passenger Amenities at Stations and related works along with General Electrical Works in connection with 3rd line between Rayagada (KM: 343.90) to Jimidipeta (KM: 356.518) on Waltair Division of East Coast Railway in Odisha State.

The order has been awarded in favour of one of its Joint Venture (JV) named 'ARSS-SCPLUV' by Rail Vikas Nigam Limited.

Also, it has bagged another order of Rs. 60,57,83,411 for Construction of Major Bridge No.611(Span 8X30.5m CG) at Km 344.87 in Rayagada- Ladda Section and Major Bridge No.624 (Span 2X 18.30m CG + 1X12.20m CG) 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) on Waltair Division of East Coast Railway in Odisha State.

This order has been awarded in favour of one of its Joint Venture (JV) named 'ARSS-ROYAL (JV)' by Rail Vikas Nigam Limited.

Last week, the company had won huge order worth Rs 2,20,65,46,359.96 for work of Construction of roadbed, Major and Minor Bridges, etc. in the state of Uttar Pradesh.

On Wednesday, the stock of ARSS Infra opened at Rs. 21.90 hitting upper circuit of 5 per cent from its previous close of Rs. 20.90.