ARSSINFRANSEARSS Infrastructure Projects Limited· ConstructionHighPositive
Announced Thu, 23 Oct, 2025 · 19:30 IST
ARSS receives Rs 164.51 crore of road work orders in Odisha
Price reaction
Awaiting price reaction for this filing.
AI summary
ARSS received six subcontract work orders worth Rs 164.51 crore from Shivam Condev for road upgrades and a Daspalla bypass on NH-57 in Odisha. Awards range from Rs 19.34 crore to Rs 39.56 crore, with completion periods of 16 to 24 months. Five orders exclude GST and carry a 5 percent technical charge; work is back-to-back and depends on project-owner approval. ARSS remains under the corporate insolvency resolution process.
Likely market impact
Adds revenue visibility, but approval and back-to-back payment risks remain while ARSS is under insolvency resolution.