letter of Award

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+3.2%Reaction day

₹63.00

prior close

₹63.46

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+1.9% vs market

Consulting Services peers, median of 16sector+0.0%+3.1% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 3.1 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Consulting Services peers, median of 16Pending

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AI summary

Artefact Projects Ltd has received a Letter of Award for consultancy services as Authority's Engineer for supervising the upgradation of two highway packages on NH-343 in Chhattisgarh (Package-I and Package-III) to 2-lane with paved shoulders under EPC mode. The project has been awarded by the Ministry of Roads Transport and Highways (a government entity) in association with KCS Engineering Private Limited. The total contract value is Rs. 5,96,24,928 (approximately Rs. 5.96 crore), excluding GST, with a contract period of 84 months. The order is domestic and not a related-party transaction.

Likely market impact

This is a positive development for Artefact Projects, adding a new government-backed order worth nearly Rs. 6 crore to its order book over a 7-year period, providing long-term revenue visibility. For a small-cap company, such government awards strengthen credibility though the immediate impact on share price may be limited given the order size.