The anouncement was made on Saturday, 9 April 2016.

Meanwhile, the S&P BSE Sensex was down 12.32 points or 0.05% at 24,661.52.

On BSE, so far 3.17 lakh shares were traded in the counter as against average daily volume of 1.15 lakh shares in the past two weeks. The stock hit a high of Rs 43.40 and a low of Rs 41.30 so far during the day. The stock had hit a 52-week high of Rs 58.60 on 5 January 2016. The stock had hit a 52-week low of Rs 21.50 on 25 August 2015.

ARSS Infrastructure Projects said its joint venture, ARSS-SIPS, secured a work order on 8 April 2016 amounting to Rs 156.85 crore from East Coast Railway in Bhubaneswar. The order is for execution of earthwork, minor bridges and other allied works of Budhapank-Salegaon via Rajathagarh for third and fourth line.

ARSS Infrastructure Projects reported net loss of Rs 25.09 crore in Q3 December 2015 as against net loss of Rs 1.46 crore in Q3 December 2014. Net sales rose 68.24% to Rs 188.97 crore in Q3 December 2015 over Q3 December 2014.

ARSS Infrastructure Projects offers construction services. The company builds railway infrastructure, roads, bridges and highways.