 "ARSS Infra gains as JV wins order worth Rs 109 crore")
ARSS Infrastructure Projects is trading higher by 5% to Rs 33.95 on the BSE after the company announced that it won order worth Rs 109 crore.
“A work order amounting to Rs 109.27 crore namely "Jarapada-Budhapank with flyover at Talcher Road - 3rd & 4th line; execution of earth work, minor bridges & other allied works (KM 525.133 to KM 483.047 i.e. 35.5 Km -3rd Line & 42.00 Km-4th line approx. excluding flyover portion at Talcher Road" has been awarded in favour one of the company's joint venture (JV) i.e. "ARSS-SIPS (JV)" by East Coast Railway, Bhubaneswar on March 28, 2016,” ARSS Infra said in a statement.
The stock hit an intra-high of Rs 34.70 on the BSE so far. The trading volumes on the counter more than doubled with a combined 325,290 shares changed hands on the BSE and NSE till 09:27 AM.
“A work order amounting to Rs 109.27 crore namely "Jarapada-Budhapank with flyover at Talcher Road - 3rd & 4th line; execution of earth work, minor bridges & other allied works (KM 525.133 to KM 483.047 i.e. 35.5 Km -3rd Line & 42.00 Km-4th line approx. excluding flyover portion at Talcher Road" has been awarded in favour one of the company's joint venture (JV) i.e. "ARSS-SIPS (JV)" by East Coast Railway, Bhubaneswar on March 28, 2016,” ARSS Infra said in a statement.
The stock hit an intra-high of Rs 34.70 on the BSE so far. The trading volumes on the counter more than doubled with a combined 325,290 shares changed hands on the BSE and NSE till 09:27 AM.
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