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 the National Highways Authority of India (NHAI) for supervision consultancy during the operation and maintenance stage of a 118.678 km stretch of NH-31 in Uttar Pradesh, covering three road sections from Ghazipur to the UP/Bihar border. The contract is valued at Rs. 3.34 crore (excluding GST) and will be executed over 36 months in association with Manglam Infra and Engineering Limited. This is a domestic government infrastructure consultancy project, with no related-party involvement. NHAI is a Government of India entity, making this a public-sector order.
This adds a small but steady revenue stream to the company's order book over the next 3 years. While the order size is modest at Rs. 3.34 crore, winning work from NHAI strengthens the company's credentials in highway consultancy and may support future bidding for larger projects.