Letter of Award - NHAI Consultancy Contract worth Rs 3.16 Crore

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-1.1% vs market

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On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.2 pts more than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Artefact Projects received a Letter of Award from NHAI for Supervision Consultancy services on NH 544H (Thoppur to Erode section, 85 km) in Tamil Nadu. Contract value is Rs 3.16 crore (excluding GST) over 36 months. Awarded as the highest bidder (H1) in JV with Pioneer Infra Consultants and Renaissance IOT LLP. Domestic order, no related party interest.

Likely market impact

New government contract from NHAI adds about Rs 3.16 crore to revenue over 36 months, providing order book visibility.