ARSSINFRANSEARSS Infrastructure Projects Limited· ConstructionMediumPositive
Announced Tue, 23 Jun · 18:25 IST
ARSS Infra bags Rs 21.46 crore road work order in Odisha
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
ARSS Infrastructure Projects has received a work order worth Rs 21.46 crore from the Odisha state government for widening and strengthening a 14.647 km road in Jagatsinghpur district. The project is to be completed in 16 months. The bid was 28 percent below the estimated cost of Rs 29.82 crore. The company must provide an Additional Performance Security of about Rs 55.81 lakh.
Likely market impact
Adds Rs 21.46 crore to order book, providing revenue visibility over 16 months. Win at 28 percent below estimate may pressure margins.