You are here » Home » Companies » Company Overview » ARSS Infrastructure Projects Ltd

ARSS Infrastructure Projects Ltd.

BSE: 533163 Sector: Infrastructure
NSE: ARSSINFRA ISIN Code: INE267I01010
BSE LIVE 15:42 | 09 Dec 68.05 -0.10
(-0.15%)
OPEN

68.65

HIGH

69.40

LOW

67.50

NSE LIVE 15:45 | 09 Dec 68.20 -0.10
(-0.15%)
OPEN

68.90

HIGH

69.50

LOW

67.40

OPEN 68.65
PREVIOUS CLOSE 68.15
VOLUME 87024
52-Week high 113.95
52-Week low 27.00
P/E
Mkt Cap.(Rs cr) 100.99
Buy Price 68.05
Buy Qty 400.00
Sell Price 0.00
Sell Qty 0.00
OPEN 68.65
CLOSE 68.15
VOLUME 87024
52-Week high 113.95
52-Week low 27.00
P/E
Mkt Cap.(Rs cr) 100.99
Buy Price 68.05
Buy Qty 400.00
Sell Price 0.00
Sell Qty 0.00

ARSS Infrastructure Projects Ltd. (ARSSINFRA) - Company History

ARSS Infrastructure Projects Ltd is an ISO 9000:2001 certified company, which is engaged in construction activities in India. The company 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. The construction projects are typically awarded through competitive bidding process to bidders with certain eligibility requirements based on their past experience, technical capabilities and financial strength. They bid for projects both on a standalone basis as well as through project specific joint ventures. The company's clients include Ministry of Railways, State Government of Orissa, Rail Vikas Nigam Ltd, RITES Ltd, IRCON International Ltd, National Thermal Power Corporation, Hindustan Steel Corporation Ltd, PWD - Orissa, IOCL, National Highway Authority of India, Vedendata, Nalco, Jindal Steel & Power Ltd, etc. The company has their presence in Eastern India, particularly in the state of Orissa. However, in recent years they have pursued opportunities in other parts of India including states of Chhattisgarh, Rajasthan, Jharkhand, Haryana, Kerala, Andhra Pradesh, Assam, Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh and Madhya Pradesh. ARSS Infrastructure Projects Ltd was incorporated on May 17, 2000 as ARSS Stones Pvt Ltd. The company started as a construction company in the field of railway infrastructure development, mainly in the state of Orissa and subsequently expanded their business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. Over the years, the company diversified their field of activities into other construction segments such as development and construction of roads, highways, bridges, irrigation projects, EPC activities for railways. Today, the company has emerged as one of the pioneer construction agency in regard to Infrastructure development activities and the 'Infrastructure' brand has become synonymous with ARSS within and outside the State of Orissa In the year 2000, the company established crusher unit at Nityananpur, in the district of Dhenkanal, Orissa. In the year 2002, they established two more crusher plants, one at Rambha in the district of Ganjam, Orissa (which was subsequently shifted to Champajhar) and other at Champajhar situated in the district of Khurda, Orissa. In the year 2003, the company diversified into the field of earthwork, rock excavation, construction of bridges & roadways and boring piles of large diameter. Also, they were awarded projects for constructing 5 major bridges at Bhubaneshwar. In the year 2004, the company entered into the first joint venture with Triveni Engicons Pvt Ltd to undertake and execute railway project. In the year 2005, they entered into joint ventures with other domestic and international partners, namely Harish Chandra (India) Ltd, Kalindee Rail Nirman (Engineers) Ltd, PT Adhikaria (Persero) etc for executing road and railway projects. In May 20, 2005, the name of the company was changed from RSS Stones Pvt Ltd to ARSS Infrastructure Projects Pvt Ltd. In the year 2006, the company received ISO 9001:2000 rating from Moody International in relation to construction of civil work like Road projects, Major Bridges, Minor Bridges, Earthwork, railway track linking work. Also, they established another crusher unit, at Chhatrama in the district of Khurda. In April 3, 2006, the company converted into public limited company and the name was changed to ARSS Infrastructure Projects Ltd. In the year 2007, the company entered into a joint venture agreement with Niraj Cement Structural Ltd and the said joint venture was awarded the project for reconstruction rehabilitation of Cuttack- Paradeep road (SH- 12) from 0 to 43 km and 43 to 82 km. During the year, the company established a crusher unit at Bhanjnagar in Ganjam. Also, they expanded the business into other parts of India, namely Rajasthan, Jharkhand, Haryana and Tamil Nadu for undertaking project work of railways and roadways. In January 28, 2008, the company entered into a joint venture agreement with Somdatta Builders for the construction for widening and strengthening of existing carriage way to 2-lane for Chandbali- Bhadrak- Anandpur road (km 0/0 to 45/0 of SH-9 and km 0/0 to 50/0 of SH-53) work under world bank assisted project to government of Orissa. Also, they received Trade mark registration from the Registrar of Trade Mark during the year. As of January 10, 2010, total value of the company's order book is Rs. 287,753.11 lakh, which consists of the unexecuted portions of the ongoing projects and new confirmed projects awarded to them, which are yet to commence construction The company has received new work order from January 10, 2010 to February 12, 2010 for Rs. 207.86 crore.

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard