letter of Award
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Awaiting price reaction for this filing.
Artefact Projects Ltd has received a Letter of Award from NHAI (National Highway Authority of India) for consultancy services as Supervision Consultant for operation and maintenance of a 66-km stretch (Km. 293.266 to Km. 359.422) of NH-565 in Andhra Pradesh. The project involves two-lane with paved shoulders configuration. Contract value is approximately Rs. 2.43 crore (Rs. 2,42,60,105) excluding GST, with a duration of 36 months. The order is awarded in association with Manglam Infra and Engineering Limited and Renaissance IOT LLP. The contract is domestic and not a related party transaction, with no promoter group interest in NHAI.
This is a small-value government infrastructure order for the company. While it adds to the order book and provides steady revenue visibility over 36 months, the Rs. 2.43 crore size suggests modest impact on overall financials. Positively signals continued business from NHAI in the highway consultancy space.