Intimation regarding Work Order(Sub Contracts). A copy of LOA( Letter of Acceptance) of Award is enclosed herewith. The same is for your kind perusal and record.
Awaiting price reaction for this filing.
ARSS Infrastructure Projects has received multiple sub-contract work orders worth Rs. 429.92 crores in total from Shivam Condev Private Limited, all awarded on a back-to-back basis with a 5% commission going to Shivam Condev as the main contractor. The largest single order is Rs. 202.34 crores for earthwork, bridges, and related works on a multi-tracking railway line between Kalipahari and Pradhankhuta. Other orders include Rs. 122.63 crores for bridges on a new BG railway line in Madhya Pradesh, about Rs. 67.57 crores combined for the 3rd and 4th railway line between Barabanki and Malhaur in Uttar Pradesh, and Rs. 37.37 crores for road widening in Odisha's Jajpur district. All underlying clients are government railway bodies such as Rail Vikas Nigam Ltd and Northern Railway. The company notes this business has come in post-CIRP, during implementation of its Resolution Plan. Completion periods range from 18 to 36 months.
This is a significant order inflow for ARSS, which is currently implementing its insolvency resolution plan, signalling restored business activity and confidence from a partner contractor. The Rs. 429 crore order book addition is materially large relative to the company's size and could support revenue visibility over the next 18–36 months, though execution risk remains since these are back-to-back subcontracts dependent on the main contractor.