ARSS Infra bags Rs 51.60 cr railway bridge order from East Coast Railway

Govt Defence OrderBusiness Updates View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

ARSS Infrastructure has received a Letter of Acceptance from East Coast Railway for construction of a Road Over Bridge between Motari and Kanas Road stations on the Khurda-Puri line under Khurda Road Division. Order value is Rs 51.60 crore to be completed in 24 months. Domestic government (Railways) contract; promoter group has no related interest.

Likely market impact

Positive: new government contract of Rs 51.60 crore strengthens order book; 24-month execution period.