letter of Award
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Artefact Projects Ltd has received a Letter of Award from the National Highways Authority of India (NHAI) for providing Independent Engineer Services during the operation and maintenance phase of two four-laning highway stretches on NH-36 in Tamil Nadu (Sethiyathope–Cholapuram and Cholapuram–Thanjavur sections). The total contract value is Rs. 7.67 crore (excluding GST). The project duration is 60 months and will be executed in association with Pioneer Infra Consultants and Neoteric Consultant LLP. There is no promoter group interest in the awarding entity, and the order is domestic. This falls under the company's infrastructure consultancy business.
This adds a new government-backed order to the company's order book, providing revenue visibility over the next 60 months. While the contract size is modest, winning work from NHAI strengthens the company's credibility in highway consultancy and may support future order inflows.