Intimation under Regulation 30 (LODR)_Award of Order
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Artefact Projects Ltd has received a Letter of Award from the National Highway Authority of India (NHAI) for Independent Engineer services during the Operations & Maintenance period of two 4-laned highway sections (Loha-Waranga and Waranga-Mahagaon) on NH-361 in Maharashtra, under NHDP Phase-IV on Hybrid Annuity Mode. The project is to be executed in association with Manglam Infra & Engineering Limited over a 60-month period. The contracted fee is approximately Rs. 436.37 Lakh (about Rs. 4.36 crore) excluding GST. The order is domestic and not a related-party transaction.
This is a modest new order (~Rs. 4.36 crore) from a reputed government client (NHAI), adding to the company's order book. Positive for credibility and revenue visibility, but the size is small relative to typical project consultancy businesses, so limited immediate impact on share price is expected.