LETTER OF AWARD

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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₹58.84

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Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-0.8% vs market

Consulting Services peers, median of 19sector+1.9%-1.2% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 1.2 pts less than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Artefact Projects Ltd has received a Letter of Award from the National Highways Authority of India (NHAI) for Independent Engineer consultancy services during the Operation and Maintenance phase of three 6-laning highway projects on NH-16 in Andhra Pradesh, covering the Chilakaluripet-Vijayawada section, Chilakaluripet bypass, and Vijayawada bypass, including a major bridge across the Krishna river. The contract is valued at Rs 7.77 crore (excluding GST) and has a tenure of 60 months. The work will be executed in association with Pioneer Infra Consultants, CADD Consulting Engineering, and M/s Dev Laxmi Surveyor. The contract is domestic and does not involve any related party transactions.

Likely market impact

This is a positive development as it adds a new order from a credible government client (NHAI) to the company's order book, providing revenue visibility over the next 5 years. The win strengthens Artefact's presence in the highway consultancy segment, though the contract value of ~Rs 7.77 crore is moderate in size.