ARSS Infrastructure Projects Limited has received a work order valued at ₹21,46,82,069.00 (Rupees Twenty One Crore Forty-Six Lakh Eighty Two Thousand Sixty Nine Only) for road improvement works in Jagatsinghpur district, Odisha. The disclosure is made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Nature of Contract

The work involves "Improvement such as widening and strengthening of Dengapola to Champahat via Jantakothi-Podana-Tandikul, Naulo and Sorishpokhari road from 0/000 km to 14/647 km (except from 10/340 km to 10/970 km)" under state plan.

Contract Award Details

  • Awarding Authority: Office of the Superintending Engineer, Jagatsinghpur (R&B) Division, Jagatsinghpur
  • Contract Value: ₹21,46,82,069.00 (excluding applicable GST)
  • Reference Letter No.: C-I-IV, R-JSP-06/2026
  • Letter Date: 20.06.2026
  • Company Receipt Date: 23.06.2026 (via email)
  • Bid Reference: Bid Identification: CE-Roads-1-22/2025-26, Tender ID: 2026EICCL127327_10

Financial Details

  • Estimated Cost: ₹29,81,69,540.00
  • Bid Discount: 28.00% below estimated cost
  • Acceptance Authority: Engineer-in-Chief (Roads-I), Odisha, Bhubaneswar
  • Acceptance Letter No.: C-1-IV R-JSP-06/2026 dated 19.06.2026

Security Requirements

The company must provide:

  • Additional Performance Security (APS): ₹55,81,734.00
  • Initial Security Deposit (ISD): ₹42,93,641.00

Security must be in the form of Term Deposit Receipt/Bank Guarantee from any Nationalized or Scheduled Bank, or NSC/KVP/Post Office Savings Account pledged in favor of the Superintending Engineer, Jagatsinghpur (R&B) Division.

Timeline and Conditions

  • Contract Period: 16 months
  • Bid Validity Extension: Required beyond 28.06.2026 until agreement drawal
  • Agreement Execution: Must be completed within 7 days from letter issue date (20.06.2026)
  • Documentation Required: Work programme (physical and financial), original documents for verification against scanned copies

Additional Information

  • The company is classified as a Super Class Contractor
  • The work excludes the section from 10/340 km to 10/970 km