Letter of Award
Price
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Artefact Projects Ltd has received a Letter of Award from the Government of India's Ministry of Road Transport & Highways for consultancy work. The scope involves preparing Detailed Project Reports (DPRs) for four bypasses on National Highways in Punjab (Kot Ise Khan, Bhikwind, Bagha Purana, and Jalalabad). The contracted fee is Rs. 40.74 lakhs (excluding GST), to be executed over 300 days. The work will be carried out in association with M/s Manglam Infra & Engineering Limited and Shree Mahamai. The order is domestic in nature, with no related-party interest involved.
Adds a central-government infrastructure consultancy order to the company's pipeline, supporting revenue visibility. The contract value is modest in absolute terms, but winning work directly from the Ministry of Road Transport & Highways is a credibility boost for a small-cap consultancy.