ARSS Infrastructure trades higher after order win

Delhi headquartered civil construction company, ARSS Infrastructure has informed in a press release to stock exchanges that it has secured an order worth Rs. 76 crore on Friday.

The company said that its Joint Venture (JV), ARSS-BDPL has received work order worth around Rs 76.15 crore from Container Corporation of India (CCI) for construction of handling platforms, Railway track, Truck parking area, buildings and other ancillary facilities for IFFCO at MMLP Paradip, Odisha. The company will have to complete the project within 24 months from the date of receipt of LoA.

The order won on Friday is its fourth win during the current month. Earlier, this week it secured two orders worth Rs. 50.48 crore and Rs. 60.58 crore in Odisha state. Last week it secured order worth Rs. 220.66 crore in Uttar Pradesh.

ARSS Infrastructure Projects is engaged in civil infrastructure development business and has the ability to cater to railway infrastructure development, roads and highways, bridges and irrigation system related works.

On Friday, stock closed at Rs. 24.05, higher by 4.79 per cent on BSE. The benchmark index BSE Sensex traded higher by more than 246 points at 39298.