Deals4 Jun 2024, 12:52 am
ARSS Infrastructure Projects Receives Rs. 10 Crore Order from ABCI-SCPL-SIPS JV
AI Summary
ARSS Infrastructure Projects Ltd. has announced the receipt of a work order worth Rs. 10,03,84,892.00 from ABCI-SCPL-SIPS JV. The order is for the execution of 'Bridge Works (Schedule A3), Earthwork and Formation Rehabilitation (Schedule B1) and Bridge works - Substructure, Super Structure (RCC), - super Structure (Steel), Bridge Works - Misc. (Schedule B2)'. The project is expected to last for 18 months, as per the mutually agreed terms.
Key Highlights
- ARSS Infrastructure Projects has secured a work order worth approximately Rs. 10 crores from ABCI-SCPL-SIPS JV.
- The project involves various bridge works, earthwork, and formation rehabilitation.
- The expected project duration is 18 months, as per the mutually agreed terms.
- The promoter/promoter group/group companies have a 25% share in the related party, ABCI-SCPL-SIPS JV.
- The company is currently under Corporate Insolvency Resolution Process (CIRP)