Road construction penny stock under Rs 60: ARSS Infrastructure Projects receives new orders worth Rs 164,51,45,587 from Shivam Condev Pvt Ltd

DSIJ Intelligence-1 / 24 Oct 2025/ Categories: Multibaggers, Penny Stocks, Trending

The company has a market cap of Rs 125 crore and the stock has given multibagger returns of over 200 per cent from its 52-week low of Rs 16.55 per share.

ARSS Infrastructure Projects Limited recevied sub-contracts worth a total of Rs. 164,51,45,587 from Shivam Condev Private Limited. These contracts encompass six distinct infrastructure improvement projects, primarily focused on widening and strengthening key roads across the districts of Koraput, Kandhamal, and Boudh, all under the State Plan for improved connectivity. The individual projects vary in scale, with contract amounts ranging from approximately Rs. 19.34 crore for a section of the Semiliguda - Kakirigumma road up to Rs. 39.55 crore for the widening and strengthening of the Harbhanga via Kusangam road in the Boudh district.

A significant portion of the total contract value, specifically Rs 33,00,55,312 is allocated for the Construction of a Bypass Road to Daspalla town along NH-57 in the State of Odisha, which will be executed under the Engineering, Procurement, and Construction (EPC) mode. The remaining works include the improvement of the K.Nuagaon PWD road to Bhrungijodi (Rs 19.49 crore), the Telibandha-Barapuduga road (Rs 25.38 crore), and the Dholpur-Harbhanga Road (Rs 27.73 crore). These sub-contracts underscore ARSS Infrastructure's role in executing vital road and highway development projects that are essential for boosting regional infrastructure and transportation capacity.

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About the Company

ARSS Infrastructure Projects Ltd, founded in 2000, specialises in executing various civil and infrastructure projects across India. Their expertise includes Railway construction (earthworks, bridges, track laying etc.), road and highway building, irrigation systems, and development of power, marine, and urban infrastructure. With a successful track record of completing over 200 kilometres of railways and 300 kilometres of roads, their clientele boasts prestigious names like the Ministry of Railways, the State Government of Orissa and the National Highway Authority of India.

Currently, the stock is not trading on both exchanges as it is Trading Restricted - On account of IBC/ Recommencement post-IBC. On September 03, 2024, the stock was last traded; on that day, the stock hit a 5 per cent Upper Circuit to Rs 54.84 per share from its previous closing of Rs 52.23. The company has a market cap of Rs 125 crore and the stock has given multibagger returns of over 200 per cent from its 52-week low of Rs 16.55 per share.

Disclaimer: The article is for informational purposes only and not investment advice.