ARSS Infrastructure has presence in Eastern India, particularly in the state of Orissa. However, in recent years they have pursued opportunities in other parts of India including states of Chhatisgarh, Rajasthan, Jharkhand, Haryana , Kerla, Andhra Pradesh, Assam, Maharastra and Tamil Nadu.
Some of the important projects being currently executed by ARSS on standalone / joint venture basis are as follows:
1. Construction, rehabilitation and widening of Cuttack - Paradeep road, Orissa, for a contract value of Rs. 20,826.77 lacs.
2. Construction of Roadbed including Major and Nior Bridges, Facilities and General Electrification in connection with construction of New BG line between Haridaspur and Paradeep in East Coast Railway in the State of Orissa, for a contract value of Rs. 10,096.66 lacs.
3. JSPL, Angul Project-Work Order for execution of Rail Infrastructure Work of Rs.26,100.00 lacs
4. Construction of new broad gauge line, bridges, earthwork cuttings, road over bridges, road under bridges and sub ways between Salem-Karur, Chennai. The contract value for the project is Rs. 5,139.05 lacs.
5. Construction of Kaushilia Dam and appurtenant works in panchkula district of Rs. 11299.19 lacs.
Company Promoters:
The individual promoters of the Company are:
1. Mr. Subash Agarwal, aged 44 years, is the Chairman and Promoter of the Company.
2. Mr. Rajesh Agarwal, aged 36 years, is the Managing Director and Promoter of the Company.
3. Mr. Sunil Agarwal, aged 33 years, is the President, Chief Executive Officer and a Promoter of the Company.
4. Mr. Anil Agarwal, aged 40 years, is the Senior Vice President, Chief Operating Officer and a Promoter of the Company.
Objects of the Issue:
The objects of the Issue are to raise funds for
1. Investment in joint ventures;
2. Funding long term working capital requirement;
3. General corporate purpose;
4. Public issue expenses.
Issue Detail:
»» Issue Open: Feb 08, 2010 - Feb 11, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 103.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 410 - Rs. 450 Per Equity Share
»» Market Lot: 15 Shares
»» Minimum Order Quantity: 15 Shares
»» Listing At: BSE, NSE
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