ARSS Infrastructure shines on bagging order worth Rs 164 crore

23 Dec 2016

ARSS Infrastructure Projects is currently trading at Rs. 63.00, up by 1.85 points or 3.03% from its previous closing of Rs. 61.15 on the BSE.

The scrip opened at Rs. 61.85 and has touched a high and low of Rs. 68.00 and Rs. 61.25 respectively. So far 225485 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. 68.00 and Rs. 59.60 respectively. The current market cap of the company is Rs. 97.45 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 has bagged order worth Rs 164 crore for widening of existing two lane to two lane with 1.5 mt wide paved shoulder from KM 50/0 to 140/9 of NH 57 on EPC Mode. The contract has been awarded in favour of the company by Office of Chief Engineer, National Highways, Odisha in Bhubaneswar on December 22, 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.

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Puchho Befikar
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