Letter of Award
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Artefact Projects Ltd has received a Letter of Award from NHAI (National Highway Authority of India) for Independent Engineer Services during Operation and Maintenance of 4-laning of UP/Haryana Border-Rohna-Hassangarh-Jhajjar Section of NH-334B (Km 0.000 to Km 80.250) in Haryana on HAM mode. The project will be executed in association with Renaissance 10T LLP as a consortium. The contracted fee is approximately Rs. 3.78 crore (Rs. 3,77,73,900) plus GST. The project duration is 36 months. This is a domestic order with no related party interest.
This is a small but steady consulting contract from a government-backed highway authority, adding to the company's order book and providing revenue visibility over the next 3 years. Positive for the stock as it reinforces Artefact's presence in the highway consultancy space, though the contract size is modest.