letter of Award
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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 providing supervision consultancy services during the operation and maintenance of a 99.103 km stretch of NH-163 from Yadgiri to Warangal in Telangana. The contract value is Rs. 3.12 crore (excluding GST) and runs for a period of 36 months. The project will be executed in association with Pioneer Infra Consultants Pvt Ltd and Neoteric Consultant LLP. The order has been awarded to a domestic entity and there is no related party interest involved. Details have been submitted to BSE under SEBI Listing Regulations.
This adds a new NHAI-backed consultancy order to the company's order book, providing revenue visibility for 3 years, though the absolute contract size of Rs. 3.12 crore is relatively modest. Positive for order book continuity from the government highway sector.