“A work order amounting to Rs 135.45 crores namely ‘Soil investigation, design of bridges, execution of earth work, minor bridges, major bridges, RUBs, extension of FOB, Staff Quarters and other service buildings, supply of ballast and other miscellaneous works in Lajkura-Raigarh section in connection with the construction of 4th line between Jharsuguda – Bilaspur’ has been awarded in favour one of our Joint Venture (JV) named “ARSS-SIPS (JV)” by South East Central Railway, Office of the Chief Admn. Officer (Con.), Bilaspur on September 21, 2016 copy of which was received by us on September 27, 2016,” the company said in a filing to the BSE.
The company executes contracts in various infrastructure projects, including railway, road, urban, marine, power, bridge, real estate and irrigation projects. It primarily serves government, public sector undertakings and other government agencies.
Meanwhile, shares of the company closed flat at Rs 84.50 apiece from previous close on BSE.