What to watch. ARSS Infrastructure bags railway order

ARSS Infrastructure Projects has bagged work orders worth ₹63.80 crore from North Central Railway. In a notification to the exchanges, the company said its joint venture ARSS-SIPS bagged the orders for construction of a bridge on the Betwa river, including earthwork, and construction of minor bridges on approaches in connection with Bina-JHS. The company has deposited 5 per cent of the contract value (₹3.18 crore) towards performance guarantee. Shares may react positively.