ARSS Infrastructure bags two orders worth Rs 167.65 cr
- ARSS bags its first BOT based road project worth Rs.123 crore from MPRDC.
- ARSS also gets an order worth Rs.44.65 crore to construct a high level bridge over river Brahmani in Orissa.
Bhubaneswar based ARSS Infrastructure Projects Limited, with a focus on construction of railway infrastructure, roads, highways & bridges has bagged two new work orders.
The BOT order is for construction of road from Damoh-Bhatiagarh-Hirapur on BOT basis worth Rs.123 cr from Madhya Pradesh Road Development Corporation Ltd. (MPRDC).The total length of the road is about 69.60kms. It’s the first BOT based road project for the company and is the third order for the company in a span of less than one month.
The other order is for construction of high level bridge over river Brahmani near Jenapur at 15th km. of Kuakhia to N.H-200 road via Jenapur in the district of Jajpur, Orissa under NABARD Assistance RIDF XVI. The project is to be completed within three years from the date of commencement of work and the order is worth Rs.44.65 cr.
Having bagged these orders, the total order book of the company is in tune of over Rs.5000 cr.
Commenting on the order, Mr. Sunil Agarwal, President& CEO, said, “We are extremely glad to receive these orders. These two new orders take the count of the orders we’ve received this year to five. The order from MPRDC is the first BOT order we’ve received in road projects, this order closely follows on the heels of the PPP order for the bus terminal we received from the Orissa govt. in March. It’s a matter of pride for us that we’ve a bagged a PPP and BOT order in less than a month’s time and that too from two different state governments. We hope to continue receiving more orders in the coming months and execute the same within the stipulated time.”
About ARSS Infrastructure Ltd.:
Incorporated in 2000, ARSS Infrastructure Projects Limited (abbreviated as “ARSS.”) is an ISO 9001:2008 company. The Company is engaged in construction activities in India, and undertakes construction of railway infrastructure, roads, highways, bridges and irrigation projects. It started operations as a construction company in the field of railway infrastructure development, mainly in the state of Orissa and subsequently expanded its business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS 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. Over the years it has diversified its field of activities into other construction segments such as development and construction of roads, highways, bridges, irrigation projects, EPC activities for railways.
ARSS has been listed on the NSE & BSE since 3rd March, 2010. For further details log on to www.arssgroup.in