ArisInfra Solutions Secures ₹79.05 Crore Work Order from J. Kumar - NCC (GMLR) JV
ArisInfra Solutions Ltd has secured a significant work order valued at ₹ 79.05 crores. The contract involves the loading, transportation, and disposal of excavated material from a tunnel at the approved dumping yard land assigned by J. Kumar - NCC (GMLR) JV for the GMLR Project.The work order was awarded by the domestic entity, J. KUMAR - NCC (GMLR) JV. This project pertains to the Goregaon-Mulund Link Road (GMLR) twin tunnel in Mumbai, where the joint venture serves as a lead contractor.
Details of the contract confirm that the work order is effective from its date of issue and remains valid until the completion of the excavated material disposal arising out of the GMLR tunnelling activity or if it is cancelled according to the terms specified in the agreement.
The company confirmed that there are no interests held by the promoter or promoter group, nor will the contract fall under related party transactions.
Key details of the contract awarded to ArisInfra Solutions Ltd are summarized below:
| Aspect | Details |
|---|---|
| Awarding Entity | J. KUMAR - NCC (GMLR) JV |
| Contract Nature | Work Order for Loading, Transportation and Disposal of Excavated Material from tunnel at the approved dumping yard land assigned by J. Kumar - NCC (GMLR) JV for the GMLR Project |
| Value/Size | ₹ 79.05 crores |
| Entity Type | Domestic Entity |
| Timeline | Effective immediately, lasting until completion of material disposal or cancellation |
ARIS Stock Price Movement
Shares of Arisinfra Solutions Limited edged higher on Wednesday, settling at ₹106.78 after gaining 0.20% in the market session. The stock traded within a relatively tight intraday band, reaching a high of ₹108.9 and finding support down to ₹106.5.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.