ARSS Infra jumps after order win

ARSS Infrastructure jumped 8.06% to Rs 29.5 after the civil construction company received work order of Rs 2.20 crore.

The EPC company received a work order of Rs 2,20,34,898 for temporary rail connectivity to MMLP Paradip.

ARSS Infrastructure Projects is a construction company, focused on infrastructure construction segment including highways, buildings and railways.

The company reported a consolidated net profit of Rs 2.78 crore in Q3 FY22 as against a net loss of Rs 48.9 crore in Q3 FY21. Net sales declined 21.8% to Rs 52.49 crore in Q3 FY22 over Q3 FY21.

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