ARSS Infra up 20% as JV wins Rs 44 cr contract from Railways

Image
Press Trust of India Mumbai
Last Updated : Jun 27 2016 | 6:58 PM IST
Shares of ARSS Infrastructure Projects zoomed 20 per cent today after the company's JV won a Rs 44 crore order from the Indian Railways for earthwork in Odisha.
The stock soared 19.76 per cent to settle at Rs 69.70 on BSE. During the day, it jumped 19.93 per cent to Rs 69.80.
On NSE, it skyrocketed 19.91 per cent to end at Rs 69.55.
On the volume front, 13.74 lakh shares of the company were traded at BSE and more than 37 lakh shares changed hands at NSE during the day.
"This is to intimate that a work order amounting to Rs 44.04 crore namely Jagdalpur-Koraput doubling project execution of earthwork in formation, minor bridges, protection works and other allied works... Is awarded by East Coast Railway," ARSS Infrastructure Projects had said in a BSE filing on Saturday.
It said the award has been given in favour of one of its joint ventures, ARSS-BMS.
The work is scheduled to be completed in 23 months.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 27 2016 | 6:58 PM IST

Next Story