BSEARSS Infrastructure Projects LtdHighPositive
Announced Tue, 23 Jun · 18:23 IST
ARSS wins Rs 21.47 cr road widening 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 21.47 crores from the Odisha government for widening and strengthening a 14.6 km road from Dengapola to Champahat in Jagatsinghpur district under a state plan. The project is to be completed in 16 months. The bid was accepted 28 percent below the estimated cost of Rs 29.82 crores. The order is domestic and not a related party transaction.
Likely market impact
Modest positive: adds to order book and revenue visibility, though bid pricing is aggressive at 28 percent below estimate, which may pressure margins.