ARSS Infrastructure Projects, a construction company, announced that company's bid dated April 24, 2014 in IFB dt. Feb. 25, 2014 consisting of Technical bid and price bid for execution of balance work for construction of Roadbed, Major & Minor bridges, Track Linking (excluding supply of rails, ordinary track sleepers and thick web switches), Outdoor Signaling and Electrical (General) works in connection with Doubling of LAKHANA(Ex)- ARAND (in) section (68.936 kms) part of Raipur-Titagarh Doubling in SAMBALPUR Division of East Cost Railway in the states of Odisha & Chattisgarh, India" for the accepted contract amount of Rs 1.83 billion is hereby accepted by the Competent Authority of RVNL.

Shares of the company gained Rs 2.45, or 4.9%, to trade at Rs 52.50 at the BSE (9.42 a.m., Wednesday).