ARSS Infrastructure Projects hit an upper circuit limit of 20% at Rs 16.5 after the company said it received an order worth Rs 130.09 crore from Rail Vikas Nigam.
The work order consists of execution of P-way linking works including yard remodeling and other miscellaneous works in Deobahal-Barpali in connection with the doubling of Sambalpur-Titlagarh in Sambalpur division of East Coast Railway in Odisha. The work is to be completed within a year of commencement.
ARSS Infrastructure Projects undertakes construction of railway infrastructure, roads, highways, bridges and irrigation projects.
On a consolidated basis, the company reported a net loss of Rs 6.85 crore in Q3 December 2019 as against a net profit of Rs 2.91 crore posted in Q3 December 2018. Net sales declined 15.8% to Rs 63.82 crore in Q3 December 2019 over Q3 December 2018.
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