The contract is awarded on engineering, procurement and construction (EPC) mode with JICA loan assistance been awarded in favour of one of the company’s joint ventures named "NPCC- ARSS (JV)" by National Highways & Infrastructure Development Corporation.
The company made the announcement on Wednesday afternoon. Reacting to the news, shares of the company gained 5% intraday Thursday.
ARSS Infrastructure Projects Ltd is currently trading at Rs34.75 up by Rs1.65 or 4.98% from its previous closing of Rs33.10 on the BSE.
The scrip opened at Rs34.75 and has touched a high and low of Rs34.75 and Rs34.75 respectively. So far 5,207 (NSE+BSE) shares were traded on the counter.