ARSS Infra shares jump 5 pc on bagging Rs 281 cr road project order

Shares of ARSS Infrastructure Projects jumped almost 5 per cent after the company said it has bagged an order worth Rs 281 crore for the construction of a two-lane road in Arunachal Pradesh.

The company's scrip climbed 4.93 per cent to close at Rs 24.50 -- its upper circuit limit -- on the BSE.

On the NSE, it gained 4.90 per cent to close at Rs 24.60.

"A work order of Rs 281,11,62,900.00...for construction of two-lane road of Potin to Pangin section of NH-13... in the State of Arunachal Pradesh...has been awarded," the company said in a BSE filing.

The infrastructure firm said the project was awarded to its joint venture ARSS-Nabam Tullon LLP, the filing said.

 

ARSS is into infrastructure construction segment including highways, buildings and railways.