- The order involves construction of railway tracks at Rourkela
The Bhubaneswar based ARSS Infrastructure Projects Limited, focusing on construction of roads, highways, bridges, irrigation projects and EPC activities for Indian railways has secured a project worth Rs 36.31 crore from SAIL.
The order includes construction and up gradation of railways tracks for RSP yards and in plant new lines at Rourkela.
The company recorded positive numbers indicating a successful first quarter of FY 2010-11. PAT increased by 80% to Rs. 34.05 crore as compared to Rs 18.90 crore in the same period previous year. Its Income swelled by 59% to Rs 356.48 crore and EPS increased 52% to Rs 22.94.
Commenting on the order, Mr. Sunil Agarwal, President & CEO, said, “We are grateful to SAIL for entrusting their confidence and assigning us the project. The first quarter of the current financial year has been extremely fruitful and our team is committed to continue with such positive performance throughout the year.”
About ARSS Infrastructure Ltd.:
Incorporated in 2000, ARSS Infrastructure Projects Limited (abbreviated as “ARSS.”) is an ISO 9000:2001 company. The Company is engaged in construction activities in India, and undertakes construction of railway infrastructure, roads, highways, bridges and irrigation projects. It started operations as a construction company in the field of railway infrastructure development, mainly in the state of Orissa and subsequently expanded its business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS has developed expertise in railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. Over the years it has diversified its field of activities into other construction segments such as development and construction of roads, highways, bridges, irrigation projects, EPC activities for railways.
ARSS has been listed on the NSE & BSE since 3rd March, 2010. For further details log on to www.arssgroup.in