letter of Award
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Awaiting price reaction for this filing.
Artefact Projects Ltd has received a Letter of Award from the National Highways Authority of India (NHAI) for supervision consultancy services during the operation and maintenance of three national highway stretches in Uttar Pradesh: NH-128A (Mohammadpur to Jaunpur), NH-128B (Mau to Ballia), and NH-128C (Azamgarh to Dohrighat). The contract is valued at Rs. 3.12 crore (excluding GST) and will run for 36 months. The work will be carried out in association with Manglam Infra and Engineering Limited. The order is domestic, with no promoter or related-party interest involved.
This is a government-backed order from NHAI that adds Rs. 3.12 crore to the company's order book and provides revenue visibility over 3 years. The size is modest, so the stock reaction is likely to be limited unless similar orders continue to flow in.