ARSS Infrastructure Projects Limited, a company engaged in construction activities (construction of roads, highways, bridges, irrigation projects, EPC activities for railways) in India, with its registered office at Bhubaneswar, Orissa and Corporate office at Delhi, has decided to declare an interim dividend of 20% as per their board meeting held on 24th March,2010. They have also decided to fix the record date as 7th April 2010 for payment of Interim Dividend.
Mr. Sunil Agarwal, President & CEO, said, “Keeping in mind our good performance and the overwhelming response which we have received, we believe this interim dividend is a way of thanking our shareholders.”
The company which was recently listed on the 3rd of March 2010 got an overwhelming response during its Rs.103 crore IPO as it got oversubscribed 51.27 times. In the last three months, ARSS has bagged orders worth Rs.207.86 crore, the type of work includes railway and roadway development projects.
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