Announced Mon, 28 Sept, 2026 · 18:21 IST

letter of Award

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AI summary

Artefact Projects has received a Letter of Award from South Central Railway (SCR) for Project Management Services as Authority Engineer at various construction sites. The contract is worth Rs. 21.13 crore (excluding GST) and runs for 24 months. This marks the company's first-ever Railway Consultancy project. The work will be executed in a joint venture with AVOK Engineering Consulting & Contracting Pvt Ltd and TUMAS Turkish Engineering Consulting & Contracting Inc. Co. A performance guarantee equivalent to 5% of the contract value is required.

Likely market impact

This is a meaningful new order for Artefact Projects, opening a new vertical (railway consultancy) and adding Rs. 21.13 crore to the order book over 24 months. For shareholders, it signals business diversification beyond the company's existing segments, though the joint venture structure means Artefact's share of revenue will be a portion of the total contract value.