Artefact Projects Limited has announced the award of a major consultancy contract from the Ministry of Roads Transport and Highways, marking a significant business development for the project management consulting firm. The company secured a contract worth ₹59.62 crores for supervision of NH-343 upgradation in Chhattisgarh.

Contract Details and Scope

The awarded project involves consultancy services for Authority's Engineer supervision of NH-343 upgradation work in Chhattisgarh state. The comprehensive project covers two distinct packages spanning significant highway sections.

Highway Sections Under Supervision

The project encompasses supervision of upgradation work across two major packages of NH-343:

1. Package-I: Covers the Raipuri Khurd village to Padih Village section, extending from existing km 7.830 to km 57.650, with design chainage from 13.700 to 62.700.
2. Package-III: Involves the Badki Mahri Village to Ramanujganj section, spanning from existing km 80.600 to km 110.330, with design chainage from 85.370 to 114.800.

Technical Specifications

The upgradation work involves converting the existing highway sections to 2-lane paved standards (2LPS) with flexible pavement. This infrastructure development project aims to enhance connectivity and transportation efficiency in the Chhattisgarh region.

Regulatory Compliance and Disclosure

Artefact Projects Limited has confirmed that the contract award complies with all regulatory requirements. The company has clarified that no promoter, promoter group, or group companies have any interest in the awarding entity. Additionally, the transaction does not fall within the purview of related party transactions, ensuring transparency in the business arrangement.

The project represents a domestic contract award, strengthening the company's position in the infrastructure consulting sector. With the letter of award already received, Artefact Projects Limited is positioned to commence supervision activities for this substantial highway development initiative in Chhattisgarh.

Artefact Projects Ltd has announced the receipt of a significant new order valued at ₹59.60 million. This development represents an important milestone for the small-cap company, demonstrating its continued ability to secure substantial business contracts.

Order Details

The company has successfully secured this order, which adds to its business pipeline and revenue prospects. The order value of ₹59.60 million represents a notable contract for the organization.

Company Profile

Artefact Projects Ltd operates in the miscellaneous sector and is classified as a small-cap company with a market capitalization of ₹46.25 crores. The company carries the ISIN code INE885B01014.

Business Impact

This order announcement reflects the company's ongoing business development efforts and its ability to attract new contracts. For a small-cap company, securing orders of this magnitude can have a meaningful impact on revenue generation and business growth trajectory.

The successful acquisition of this order demonstrates Artefact Projects' competitive positioning in its operational sector and its capacity to deliver value to clients, which has resulted in this substantial contract award.