letter of Award

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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₹59.00

prior close

₹58.75

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+1.9% vs market

Consulting Services peers, median of 15sector-0.0%+2.4% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.4 pts more 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 for providing consultancy services as Supervision Consultant during Operation and Maintenance and DLP for a 4-lane highway section from Raebareli to Prayagraj (NH-30, old NH-248) in Uttar Pradesh. The project involves multiple road stretches totalling several kilometres and is awarded by the National Highways Authority of India (NHAI) through Manglam Infra and Engineering Limited. The contract is valued at Rs. 3,22,63,099 (approximately Rs. 3.23 crore) excluding GST, with a duration of 36 months. This is a domestic order and there is no related-party interest involved.

Likely market impact

This order adds to the company's revenue pipeline and reinforces its presence in the NHAI highway consultancy space. While the absolute value is modest, consistent wins from government clients support business visibility over the 3-year contract period.