The order includes widening of 2 lanes and improvement in 0/0 to 102/9 km of Parlakhemundi-R.Udayagiri-Mohana road (SH-34), Odisha.
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 153.91 crore from the Office of the Executive Engineer, Parlakhemundi (R&B) Division, Parlakhemundi.
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. It’s 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 extremely pleased with this order from Parlakhemundi (R&B) Division. This is the second order that we have bagged in the month of Aug. It underlies our ability to manage exemplary work and highlights our potential to deliver”
The company has recently bagged an order from SAIL worth Rs 36.31 crore. The order includes construction and up gradation of railways tracks for RSP yards and in plant new lines at Rourkela.
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
