letter of Award receipt
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Artefact Projects Ltd has received a Letter of Award from the National Highways Authority of India (NHAI) for providing consultancy services as Supervision Consultant for Operation & Maintenance of a four-lane divided highway section (NH-785) from Madurai to Natham in Tamil Nadu, spanning 36.69 km. The contract value is Rs. 4.59 crore (excluding GST) and the project duration is 60 months. The work will be carried out in association with Renaissance IOT LLP. NHAI is a domestic government entity and the order is not a related-party transaction.
This is a small-to-moderate new order win for the company, adding a 5-year revenue stream from a reputable government client (NHAI), which strengthens order book visibility but the absolute value is modest at ~Rs. 4.59 crore.