ARSS Infrastructure shines with JV bagging two orders worth Rs 77.79 crore

04 Sep 2018

ARSS Infrastructure Projects is currently trading at Rs. 26.30, up by 0.65 points or 2.53% from its previous closing of Rs. 25.65 on the BSE.

The scrip opened at Rs. 25.20 and has touched a high and low of Rs. 26.30 and Rs. 25.20 respectively. So far 2087 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.70 on 01-Dec-2017 and a 52 week low of Rs. 17.80 on 20-Jul-2018.

Last one week high and low of the scrip stood at Rs. 27.00 and Rs. 24.05 respectively. The current market cap of the company is Rs. 57.98 crore.

The promoters holding in the company stood at 46.70%, while Institutions and Non-Institutions held 0.41% and 52.89% respectively.

ARSS Infrastructure Projects’ Joint Venture (JV) company ‘ARSS - TECHNOCOM - PRIYASHI AASHI’ has bagged two work orders aggregating total of Rs 77.79 crore from Northeast Frontier Railway Construction Organisation.

The first order is at NAM/BOJ for manufacturing, supplying and stacking (from private quarry) of 50mm machine crushed stone ballast in Depot and loading the same into hopper/wagon in TSK Division for Rs 51.73 crore. Another order is at Tangla for manufacturing, supplying and stacking of 50/60mm size machine crushed stone ballast in Depot and loading the same into hopper in Rangiya Division for Rs 26.06 crore.

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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