Meanwhile, the S&P BSE Sensex was up 164.90 points, or 0.53% to 31,410.46.

On the BSE, 43,000 shares were traded in the counter so far, compared with average daily volumes of 94,808 shares in the past one quarter. The stock had hit a high of Rs 68.95 and a low of Rs 66.15 so far during the day. The stock hit a 52-week high of Rs 113.95 on 13 July 2016. The stock hit a 52-week low of Rs 52.40 on 22 November 2016.

The stock had underperformed the market over the past one month till 5 July 2017, falling 0.75% compared with 0.18% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 10.31% as against Sensex's 4.40% rise. The scrip had also underperformed the market in past one year, falling 30.81% as against Sensex's 15.01% rise.

The small-cap company has equity capital of Rs 14.84 crore. Face value per share is Rs 10.

The work order involves construction of a major bridge between Koraput and Damanjodi stations in connection with the doubling of the Koraput-Singapur Road section of the East Coast Railway, ARSS Infrastructure Projects said in a statement.

ARSS Infrastructure Projects reported net loss of Rs 11.36 crore in Q4 March 2017 as against net profit of Rs 28.89 crore in Q4 March 2016. Net sales rose 195.91% to Rs 333.88 crore in Q4 March 2017 over Q4 March 2016.

ARSS Infrastructure Projects is a construction company, focusing on infrastructure construction segment including highways, buildings and railways.