ARSS Infrastructure Projects Secures Work Order Worth Rs 19.8 Crore for Road Improvement in Jajpur
ARSS Infrastructure Projects Limited has secured a significant work order amounting to Rs 19,78,77,668.00 (Rupees Nineteen Crore Seventy Eight Lakh Seventy Seven Thousand Six Hundred Sixty Eight rupees Only). The contract is related to the 'Improvement such as widening and strengthening' of the Danagadi-Bangarkata road within the Jajpur district under a State Plan.The company received the work order from the Office of the Superintending Engineer Panikoli (R&B) Division, Panikoli, dated 05-08-2026. The contract details confirm that the project scope involves the road improvement from 0/000 km to 27/040 km, with specific exclusions noted in the awarded work details.
Key financial and contractual aspects of the order are summarized below:
| Particulars | Details |
|---|---|
| Contract Award Value | Rs 19,78,77,668.00 |
| Estimated Project Cost | Rs 27,48,30,095.00 |
| Time Period for Execution | 21 Months |
| Entity Receiving Order | ARSS Infrastructure Projects Limited |
The award was confirmed as a domestic contract. The offered bid amount of Rs 19,78,77,668.00 was noted to be 28.00% less than the corresponding estimated cost put up for the bid.
In addition to securing the work order, the company must fulfill certain contractual requirements before the agreement is finalized. The Letter of Acceptance stipulates that ARSS Infrastructure Projects Limited must furnish an Initial Security Deposit with an Additional Performance Security Deposit amounting to Rs 91,02,373.00. This security deposit requirement was set apart from the EMD submitted online.
The road improvement work involves specific technical requirements, and compliance is mandatory for contract finalization. The project terms include:
- Significance of Work: Improvement such as widening and strengthening to Danagadi-Bangarkata road in Jajpur district.
- Duration: 21 Months.
- Financial Requirement: A security deposit requirement of Rs 91,02,373.00 must be submitted within seven days of receiving the Letter of Acceptance.
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