What Arss Infrastructure Projects L does

ARSS Infrastructure Projects Limited is an Indian listed construction company (NSE: ARSSINFRA, BSE: 533163) incorporated in 2000 as ARSS Stones Pvt. Ltd. and headquartered in Bhubaneswar, Odisha. The company provides end-to-end infrastructure construction services across railway track laying, electrification and signaling, road and highway construction, bridge and flyover construction, irrigation works (dams and canals), power infrastructure, and urban development. Its core technical capabilities rest on a vertically integrated operating model: an owned fleet of 3,287 heavy construction equipment pieces, 13 crusher plants for in-house railway ballast and aggregate production, and specialized railway construction machinery including flash butt welding plants and OHE installation equipment. ARSS is ISO 9001:2008 certified and has executed over 100 projects covering approximately 500 km of roads, 500 km of rail tracks, and 20 major/minor bridges across 14+ Indian states.

The company operates a project-based business model, generating revenue through EPC contracts and BOT projects awarded via competitive bidding from government agencies and public sector undertakings. Approximately 89% of work orders originate from government and government entities, including the Ministry of Railways, Rail Vikas Nigam Limited, RITES, IRCON International, NTPC, NHAI, State Government of Odisha, PWDs, and zonal railways such as East Coast Railway. ARSS pursues projects both on a standalone basis and through joint ventures with domestic partners (Harish Chandra India, Triveni Engicons, Patel Engineering, Kalindee Rail Nirman, Atlanta Ltd, Backbone Enterprises, Som Dutt Builders) and international partner PT Adhikarya of Indonesia. Revenue is recognized on a percentage-of-completion basis for multi-year contracts.

The company is currently operating under significant financial stress following an NCLT-approved Resolution Plan in August 2025. FY2026 revenue stood at Rs 145.79 crore (down 11.85% YoY) against a consolidated net loss of Rs 3,553.57 crore. Promoter Ocean Capital Market Limited is proposing a ₹250 crore preference share recapitalization, and the board has been reconstituted with turnaround-experienced leadership including a retired banking Deputy General Manager as Managing Director. Statutory auditors have issued a qualified opinion citing non-compliance with Ind AS 115, underscoring the going-concern challenges facing the business.

Name

Arss Infrastructure Projects L

Legal name

ARSS Infrastructure Projects Limited

Website

https://arssgroup.in

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

ARSS Infrastructure Projects Limited is an Indian listed construction company providing railway, road, highway, bridge, and irrigation infrastructure services to government agencies and PSUs including the Ministry of Railways, RVNL, RITES, NHAI, and state PWDs across 14+ states, currently undergoing post-NCLT financial restructuring.

Ownership category

akta.pro rank

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Infrastructure Construction Contracts: ARSS generates revenue through execution of infrastructure construction projects awarded via competitive bidding from government agencies, PSUs, and private entities. Revenue is recognized on percentage-of-completion basis for long-term construction contracts spanning multiple fiscal years. Projects include railway track construction, road/highway building, bridge construction, and irrigation projects.
2. EPC (Engineering, Procurement, Construction) Contracts: The company undertakes EPC contracts for railway and infrastructure projects, providing end-to-end services from design through commissioning, generating revenue as projects are completed.
3. BOT (Build Operate Transfer) Projects: The company has begun participating in BOT contracts in the road sector, which offer potential for higher revenues through better-than-anticipated asset utilization over the concession period.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

ARSS Infrastructure Projects Limited is a multi-disciplined construction company that builds railways, roads, highways, bridges, irrigation works, power infrastructure, and urban developments. The company executes Engineering, Procurement, and Construction (EPC) contracts awarded primarily through competitive bidding from government agencies and public sector undertakings. It also operates 13 crusher plants for raw material production and maintains a large fleet of construction equipment to support project execution.

Product overview

ARSS Infrastructure Projects Limited is a construction company offering specialized infrastructure construction services across multiple sectors. The company's product portfolio centers on railway infrastructure development (including track laying, signaling, and electrification), road and highway construction, bridge and flyover construction, irrigation projects (dams and canals), power infrastructure, and urban development. The company operates on a project-based model delivering construction services to government agencies, PSUs, and private clients, primarily in Eastern India with pan-India presence.

Differentiator

Problem solved

Functional benefit

Products and services

• Railway Construction Services
• Road Construction Services
• Bridge Construction Services
• Irrigation Projects
• Power Infrastructure Services
• Urban Infrastructure Development

Quantifiable outcome

• Successfully executed over 100+ projects with approximately 500 km of roads and highways, 500 km of rail tracks, and 20 major/minor bridges
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• PT Adhikaria (Persero)minorStrategic or Co-development PartnerInternational joint venture partner from Indonesia for railway and road construction projects. ARSS entered into JV with PT Adhikarya for infrastructure development projects.
• Harish Chandra (India) LimitedminorStrategic or Co-development PartnerDomestic joint venture partner for railway and road construction projects in India.
• Triveni Engicons Private LimitedminorStrategic or Co-development PartnerJoint venture partner for railway projects, particularly for East Coast Railway zone projects.
• Rail Vikas Nigam Limited (RVNL)coreStrategic or Co-development PartnerGovernment PSU and repeat client for railway infrastructure projects including track construction, bridge works, and railway electrification.
• RITES LimitedcoreStrategic or Co-development PartnerGovernment railway consulting and construction company and repeat client for railway infrastructure projects.
• Kalindee Rail Nirman (Engineers) LimitedminorStrategic or Co-development PartnerJoint venture partner for railway construction and infrastructure projects.
• Patel Engineering LimitedminorStrategic or Co-development PartnerMajor infrastructure construction company JV partner for railway projects.
• Backbone Enterprises LimitedminorStrategic or Co-development PartnerJoint venture partner for infrastructure construction projects.
• Atlanta LimitedminorStrategic or Co-development PartnerJoint venture partner for road construction and infrastructure projects including national highway projects in Mizoram.
• Som Dutt BuildersminorStrategic or Co-development PartnerJoint venture partner for road construction projects.
• Rohit Kumar Das Construction Private LimitedminorStrategic or Co-development PartnerJoint venture partner for infrastructure construction projects.

Scale indicators11 records

Recent moves9 records

Expansion highlights2 records

Direct peers

• IRB Infrastructure Developers: One of India's largest BOT toll-road developers with EPC execution arm; directly comparable to ARSS's NHAI road focus and BOT revenue model.
• Hindustan Construction Company: Long-established Indian heavy civil contractor in hydropower, transportation, and urban infrastructure; comparable in scope of heavy construction capabilities and government-client orientation.
• IRCON International: Government-owned railway construction PSU executing track laying, electrification, and signaling works across India — directly comparable to ARSS's railway EPC core offering and shared client base (Ministry of Railways, RVNL).
• KEC International: Major EPC player in power T&D, railway electrification, and civil infrastructure; overlaps with ARSS on OHE and transmission line works for railway and power clients.
• Dilip Buildcon: Highway and railway EPC specialist winning NHAI, MoR, and state government contracts through competitive bidding; comparable in scale, geography, and order-acquisition model.
• NCC Limited: Listed Indian multi-discipline EPC contractor executing roads, buildings, railways, irrigation, and power T&D for government and PSU clients — same diversified infrastructure construction model as ARSS.
• Ashoka Buildcon: Highway EPC and BOT developer serving NHAI and state road agencies; comparable in road sector focus, BOT revenue model, and competitive bidding model.
• Kalpataru Projects International: Diversified Indian EPC in railways, roads, T&D, and urban infrastructure with international footprint; directly comparable multi-discipline order book and execution model.
• PNC Infratech: Highway and infrastructure EPC contractor with strong NHAI order book and BOT exposure; comparable to ARSS in target segments and reliance on government tendering.
• Sadbhav Engineering: Indian infrastructure EPC focused on roads, mining, and irrigation with JV bidding approach; comparable in client mix (NHAI, state PWDs) and project structure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arss Infrastructure Projects L