Artefact Projects Limited Secures ₹76.74 Crore Highway Consultancy Contract
Artefact Projects Limited has been awarded a significant ₹76.74 crore consultancy contract by the National Highways Authority of India for independent engineer services on NH-36 four-laning projects in Tamil Nadu. The 60-month project covers two highway sections from Sethiyathope to Thanjavur, executed in partnership with Pioneer Infra Consultants and Neoteric Consultant LLP.

*this image is generated using AI for illustrative purposes only.
Artefact Projects Limited has announced the award of a major highway consultancy contract worth ₹76.74 crores from the National Highways Authority of India. The company disclosed this development through a regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Project Details and Scope
The awarded contract encompasses consultancy services for independent engineer services during operation and maintenance of two critical highway sections in Tamil Nadu. The project covers the four-laning of NH-36 (formerly NH-45C) across two distinct segments.
| Parameter: | Details |
|---|---|
| Contract Value: | ₹76.74 crores (excluding GST) |
| Project Duration: | 60 months |
| Highway: | NH-36 (old No. NH-45C) |
| State: | Tamil Nadu |
| Awarding Authority: | National Highways Authority of India |
Highway Sections Covered
The consultancy services will cover two major highway stretches that form part of the NH-36 corridor in Tamil Nadu:
Section 1: Sethiyathope to Cholapuram
- Distance: Km 65.960 to Km 116.440
- Scope: Four-laning operations and maintenance services
Section 2: Cholapuram to Thanjavur
- Distance: Km 116.440 to Km 164.275
- Scope: Four-laning operations and maintenance services
Partnership Structure
Artefact Projects Limited will execute this project in collaboration with two partner firms:
- Pioneer Infra Consultants Private Limited
- Neoteric Consultant LLP
This partnership approach allows the company to leverage combined expertise and resources for the comprehensive highway project.
Commercial and Regulatory Aspects
The company has confirmed receipt of the letter of award for the project. The contracted fees of ₹76.74 crores exclude GST, representing the gross commercial consideration for the 60-month engagement.
Artefact Projects Limited has clarified that neither the promoter/promoter group nor group companies have any interest in the awarding entity. Additionally, this contract does not fall within the scope of related party transactions, ensuring arm's length commercial terms.
Strategic Significance
This contract award reinforces Artefact Projects Limited's position in the highway infrastructure consultancy sector. The project involves critical highway infrastructure in Tamil Nadu, contributing to the state's transportation network development. The 60-month duration provides long-term revenue visibility for the company's consultancy operations.
Historical Stock Returns for Artefact Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.21% | +0.53% | -1.45% | -19.81% | -23.31% | +69.24% |






























