Artefact Projects Ltd Secures Rs 3.95 Crore Consultancy Contract from NHAI for Highway Capacity Augmentation Project
Artefact Projects Ltd has been awarded a consultancy services contract worth Rs 3,94,88,232 from the National Highways Authority of India for preparation of DPR for capacity augmentation of Varanasi-Jaunpur-Sultanpur-Lucknow highway stretch in Uttar Pradesh. The 7-month project will be executed in association with Dhruv Consultants Services Limited, representing a significant business win for the infrastructure consulting firm.

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Artefact Projects Ltd has secured a major consultancy services contract worth Rs 3,94,88,232 from the National Highways Authority of India (NHAI). The company announced this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
Project Details and Scope
The awarded contract involves consultancy services for preparation of Detailed Project Report (DPR) for the capacity augmentation of Varanasi-Jaunpur-Sultanpur-Lucknow stretch in the state of Uttar Pradesh. The project will be executed in association with Dhruv Consultants Services Limited, indicating a collaborative approach to deliver comprehensive highway infrastructure planning services.
Contract Specifications
The key parameters of the awarded contract are outlined below:
| Parameter: | Details |
|---|---|
| Awarding Authority: | National Highways Authority of India |
| Contract Value: | Rs 3,94,88,232 (Exclusive of GST) |
| Project Duration: | 7 Months |
| Service Type: | Consultancy Services |
| Geographic Scope: | Uttar Pradesh |
| Partnership: | Dhruv Consultants Services Limited |
Regulatory Compliance
The company has received the letter of award for the project and has fulfilled its disclosure obligations under SEBI regulations. The contract is awarded to a domestic entity and does not involve any related party transactions. No promoter or group company interests are associated with the awarding entity.
Strategic Significance
This contract award reinforces Artefact Projects Ltd's position as a project management consultant in the infrastructure sector. The company specializes in consulting engineering and planning services, with its registered and corporate office located in Nagpur, Maharashtra. The highway capacity augmentation project aligns with India's ongoing infrastructure development initiatives in the transportation sector.
The successful bid demonstrates the company's capability to secure significant government contracts and its expertise in highway infrastructure planning and development consulting services.
Source: None/Company/INE885B01014/3ba57706-c29c-4589-9a3d-cb83e3545e6f.pdf
Historical Stock Returns for Artefact Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.97% | +0.92% | +0.27% | -11.02% | +7.50% | +81.92% |
How might this NHAI contract success position Artefact Projects for future highway infrastructure tenders across other Indian states?
What impact could the completion of this Varanasi-Lucknow highway capacity augmentation have on regional economic development and trade corridors?
Will Artefact Projects likely expand its partnership with Dhruv Consultants Services Limited to bid for additional infrastructure projects?


































