ARSS Infrastructure Projects has secured a Rs 104.05 crore contract from East Coast Railway for bridge construction. While this order adds to the pipeline, the company is currently undergoing the Corporate Insolvency Resolution Process (CIRP), a critical factor that investors should monitor alongside its ongoing financial challenges.
ARSS Infrastructure Projects has been awarded a work order valued at Rs 104.05 crore by the East Coast Railway. The project, which involves the construction of Road Over Bridges in the Khurda Road Division, comes with a 24-month execution timeline. The scope of work covers railway segments connecting New Garh Madhupur-Haridaspur and New Garh Madhupur-Howrah Visakhapatnam.
While winning new infrastructure…