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Artefact Projects Ltd has received a Letter of Award from the National Highways Authority of India (NHAI) for Independent Engineer Services during the Operation and Maintenance Period of the eight-lane Vadodara Kim Expressway in Gujarat (Packages VI and VII), covering a stretch of about 64 km under the Bharatmala Pariyojana on HAM basis. The contract is in association with Pioneer Infra Consultants and Neoteric Consultant LLP. The total contracted fee is Rs 4.98 crore (excluding GST) over a 60-month period. The order is purely domestic with no related party interest.
This is a routine infrastructure consultancy win from a government client, adding a small but steady five-year revenue stream. For retail investors, the contract size is modest and unlikely to materially move the stock on its own, but it reinforces the company's role in India's highway monitoring segment.