ARSS Infrastructure announced an interim dividend of 20 per cent in its board meeting on 24 March. The record date for payment of interim dividend is fixed as 7 April.
Sunil Agarwal, President & CEO, ARSS Infrastructure said, “This interim dividend is a way of thanking our shareholders for the overwhelming response we were given.”
ARSS Infrastructure is a construction company engaged with railway infrastructure, roads, highways, bridges and irrigation projects and was listed on 3 March. Its Rs 103 crore initial public offering got oversubscribed 51.27 times. In the last three months, ARSS has bagged orders worth Rs 207.86 crore for railway and roadway development projects.
