Artefact Projects Limited Secures ₹76.74 Crore Highway Consultancy Contract

1 min read     Updated on 17 Dec 2025, 07:22 PM
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Reviewed by
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Overview

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.

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*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

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Artefact Projects Limited Secures ₹32.26 Crore Highway Consultancy Contract from NHAI

1 min read     Updated on 11 Dec 2025, 01:08 PM
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Reviewed by
Riya DScanX News Team
Overview

Artefact Projects Limited has secured a ₹32.26 crore consultancy contract from NHAI for supervision services on the 4-lane Raebareli-Prayagraj section of NH-30 in Uttar Pradesh. The 36-month project covers multiple road segments and includes operation, maintenance, and DLP supervision services. The company has received the formal letter of award, representing a significant addition to its infrastructure consulting portfolio.

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*this image is generated using AI for illustrative purposes only.

Artefact Projects Limited has announced the award of a major highway consultancy contract worth ₹32.26 crores from the National Highways Authority of India (NHAI). The company informed BSE about this significant contract award on December 11, 2025, under Regulation 30 of SEBI listing obligations.

Project Details and Scope

The awarded contract involves providing consultancy services as supervision consultant during operation, maintenance, and Defect Liability Period (DLP) for the 4-lane Raebareli to Prayagraj section of NH-30 (formerly NH-24B) in Uttar Pradesh. The project covers multiple road segments with specific kilometer ranges and includes a link road connection.

Project Parameter: Details
Contract Value: ₹3,22,63,099 (excluding GST)
Awarding Authority: National Highways Authority of India
Project Duration: 36 months
Location: Uttar Pradesh
Highway: NH-30 (old NH-24B)
Tender ID: 2025NHAI23997211

Road Segments Covered

The consultancy services will cover extensive road segments along the NH-30 corridor:

  • Km 82.650 to km 83.880
  • Km 84.635 to km 98.750
  • Km 103.660 to km 107.260
  • Km 111.390 to km 115.425
  • Km 124.345 to km 130.445
  • Km 133.155 to km 161.450 of existing road section
  • Link road from km 161.450 to km 641.350 (NH-2)

The project excludes bypasses along the specified sections and involves collaboration with Manglam Infra and Engineering Limited.

Contract Terms and Compliance

The company has received the formal letter of award for this project. The contract represents a domestic order with no related party transactions involved. Artefact Projects confirmed that neither the promoter group nor group companies have any interest in the awarding entity.

Compliance Aspect: Status
Order Type: Domestic
Related Party Transaction: No
Promoter Interest: No
Arms Length Transaction: Not Applicable

This highway supervision consultancy contract strengthens Artefact Projects' position in the infrastructure consulting sector, adding substantial value to its order book with a 36-month engagement period.

Historical Stock Returns for Artefact Projects

1 Day5 Days1 Month6 Months1 Year5 Years
-2.21%+0.53%-1.45%-19.81%-23.31%+69.24%
Artefact Projects
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