ARSS Infra touches the roof on bagging order worth Rs 100 crore

01 Feb 2012

ARSS Infrastructure Projects is currently trading at its upper circuit limit of Rs. 125.75, up by 5.95 points or 4.97% from its previous closing of Rs. 119.80 on the BSE.

The scrip opened at Rs. 120.25 and has touched a high and low of Rs. 125.75 and Rs. 120.10 respectively. So far 98431 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 793.00 on 21-Feb-2011 and a 52 week low of Rs. 99.80 on 23-Dec-2011.

Last one week high and low of the scrip stood at Rs. 126.80 and Rs. 118.00 respectively. The current market cap of the company is Rs. 179.45 crore.

The promoters holding in the company stood at 54.31% while Institutions and Non-Institutions held 0.34% and 45.36% respectively. 

ARSS Infrastructure Projects has been awarded work order worth Rs 100 crore by Madhya Pradesh Road Development Corporation, (MPRDC) for strengthening, widening, maintaining and operating of Sijhata - Hinoti -Malgaon - Khamriya, Ater - Poudi - Mharajpur - Parsamaniya and Managawar - Kehunthpur Roads (MDR Package - X) on BOT (Anuity) basis.

MPRDC has also been awarded work order worth Rs 155 crore for strengthening, widening, maintaining and operating of Phoolsagar - Niwas -Shahpur Road (MDR Package - VII) on BOT (Annuity Basis) from MPRDC.

ARSS Infrastructure Projects is engaged in construction activities in India. It undertakes construction of railway infrastructure, roads, highways, bridges and irrigation projects. The company has developed expertise in railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc.

Related ARSS Infrastructure Projects Ltd. Links:

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