ARSS Infrastructure bags orders worth Rs. 220.65 crore

ARSS Infrastructure has received two orders amounting to Rs. 220.65 for construction of roadbed along with some major and minor bridges in Uttar Pradesh.

The first order is for construction of roadbed, major and minor bridges and other doubling work from Mau to Azamgarh in Uttar Pradesh in connection with the Mau-Shahganj 2nd line project for an amount of Rs. 97.25 crore.

The second order includes the construction works for the second part of the Mau-Shahganj project, which is from Azamgarh to Shahganj amounting to Rs. 123.40 crore; hence, cumulatively the orders are worth Rs. 220.65 crore. The works are expected to be completed within 36 months from the date of commencement. The order is awarded in favor of ARSS Infrastructure’s joint venture named ‘ARSS-SCPL (JV)’ with Rail Vikas Nigam Limited.

ARSS Infrastructure Projects Limited is engaged in the business of civil construction. The company's main areas of work include road works, bridge works, railway works, power works, real estate works and irrigation works. Its projects also include urban projects and marine projects.

On Thursday, the stock of the company closed at Rs. 20.75, up by 4.8 per cent or Rs. 0.95 per share. The 52-week high is Rs. 63.00 and 52-week low is Rs. 19.00 on BSE.