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ARSS Infrastructure jumps as its JV bags order worth Rs 51.44 crore

29 Nov 2016

ARSS Infrastructure Projects is currently trading at Rs 70.70, up by 1.50 points or 2.17% from its previous closing of Rs. 69.20 on the BSE.

The scrip opened at Rs. 69.70 and has touched a high and low of Rs. 72.25 and Rs. 67.70 respectively. So far 342465 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 113.95 on 13-Jul-2016 and a 52 week low of Rs. 27.00 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 69.20 and Rs. 52.40 respectively. The current market cap of the company is Rs. 105.39 crore.

The promoters holding in the company stood at 18.77%, while Institutions and Non-Institutions held 1.07% and 80.16% respectively.

ARSS Infrastructure Projects’ joint venture (JV) - ARSS-SIPS, has bagged a work order amounting to Rs 51.44 crore for construction of Major Bridges (07 Nos.) and Earthwork in approaches, including protection and other ancillary works in Bina-Lalitpur Section (62.66Km) in connection with Bina-Jhansi 3rd Line Project (Zone-A) has been awarded by North Central Railway, Office of the Dy. Chief Engineer (Const.), Jhansi on November 21, 2016.

ARSS Infrastructure Projects started as a construction company in the field of railway infrastructure development. The company has developed an expertise in railway construction projects, which include 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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323