ARSS Infrastructure wins ₹51.60 Cr order from East Coast Railway

ARSS Infrastructure Projects Limited has secured a work order worth ₹51,60,48,602.44 from East Coast Railway for the construction of a Road Over Bridge. The project, located on the Khurda-Puri line under Khurda Road Division, involves building a composite girder bridge and approach spans between stations Motari and Kanas Road. The contract was formally awarded through a Letter of Acceptance dated June 29, 2026.

Project Details and Contract Terms

The scope of work includes the construction of a Road Over Bridge featuring a composite girder for the railway portion and reinforced concrete cement girders for the approach sections on both the Jatani and Puri sides. The project is situated at Railway KM 464/31-33. The entire work must be completed within a period of 24 months from the date of the Letter of Acceptance.

Financial and Security Requirements

The total contract value is fixed at ₹51,60,48,602.44. As per the terms, an initial Security Deposit of ₹1,22,94,400 has been retained from the Earnest Money deposited via YES Bank Limited. The company is required to furnish a Performance Guarantee equivalent to 10% of the contract value, amounting to ₹5,16,04,860.24, within 21 days from the date of the Letter of Acceptance. Failure to submit the guarantee within the stipulated timeframe may attract penal interest at 12% per annum or result in contract termination.

Particulars	Description
Client	East Coast Railway
Project Location	Khurda-Puri line, Odisha
Contract Value	₹51,60,48,602.44
Time Period	24 Months
Performance Guarantee	₹5,16,04,860.24

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Gopal Krishna Dash, Managing Director of ARSS Infrastructure Projects Limited, confirmed the development in the regulatory filing.

ARSS Infrastructure Projects Limited has secured a work order worth ₹21.47 Cr from the Superintending Engineer, Jagatsinghpur (R&B) Division, for the improvement of a road stretch in the Jagatsinghpur district. The project, awarded under the state plan, involves widening and strengthening the road from Dengapola to Champahat via Jantakothi-Podana-Tandikul, Naulo, and Sorishpokhari, covering a distance of 14.647 km. The order was received by the company on June 23, 2026, through email, following the acceptance of the bid by the Engineer-in-Chief (Roads-I), Odisha.

Project Details and Financials

The contract value is fixed at ₹21,46,82,069.00, which is 28.00% less than the estimated cost of ₹29,81,69,540.00. The project is classified as a domestic order and does not involve any related party transactions. The company is required to complete the work within a period of 16 months from the commencement of the agreement.

Particulars	Description
Name of the entity	ARSS Infrastructure Projects Limited
Nature of entity	Domestic
Project scope	Widening and strengthening of road from 0/000 km to 14/647 km
Time period	16 Months
Order size	₹21,46,82,069.00
Related party transaction	Not Applicable

Conditions and Requirements

To formalize the agreement, ARSS Infrastructure Projects Limited must attend the office of the Superintending Engineer within seven days from the date of the letter. The company is required to submit a work programme detailing both physical and financial aspects. Additionally, an Additional Performance Security (APS) of ₹55,81,734.00 and an Initial Security Deposit (ISD) of ₹42,93,641.00 must be provided in the form of a Term Deposit Receipt, Bank Guarantee, NSC, KVP, or Post Office Savings Account pledged in favour of the Superintending Engineer.

The agreement will be executed upon fulfilment of these conditions. The company has also been requested to extend the validity of its bid beyond June 28, 2026, until the drawal of the agreement. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.