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

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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.