ARSS Infra down on quarter loss

Shares of infrastructure company ARSS Infrastructure Projects were locked after falling the maximum permitted 5 per cent daily limit,as the company posted a Dec-quarter net loss of 123.6 million rupees.

There has been a substantial rise in input costs but not a corresponding increased in revenue,said a statement from the company,which is undergoing a debt restructuring.

At 9.55 a.m,the stock was at 135.10 rupees.