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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 on a national highway upgradation project in Rajasthan under the Bharatmala Pariyojna (Package 06, Phase-I, 2nd call). The work involves overseeing the construction/upgradation to 2-lane with paved shoulder of a 162.46 km stretch of NH from Raisinghnagar to Gogameri. The contracted fee is Rs. 3.28 crore (excluding GST) over 36 months, to be executed in association with Pioneer Infra Consultants and Neoteric Consultant LLP. The order is domestic, with no related-party involvement or promoter interest.
The order adds a government-backed infrastructure consultancy contract to the company's order book, providing revenue visibility over the next 3 years. However, the order size is modest, and the overall impact on stock price is likely limited unless more such orders follow.