Artefact Projects Ltd has secured a substantial contract worth ₹4.98 crores from the National Highways Authority of India (NHAI) for independent engineer services on a major expressway project in Gujarat. The company announced this development through a regulatory filing under SEBI Regulation 30 on January 10, 2026.

Project Details and Scope

The awarded contract encompasses independent engineer services during the operation and maintenance period for the eight-lane Vadodara Kim Expressway. The project covers two distinct packages: Package VII spanning from km 190.000 to km 217.500 (Gandeva to Ena Section) and Package VI from km 217.500 to km 254.430 (Ena to Kim section) in Gujarat state.

Partnership and Implementation

Artefact Projects Ltd will execute this project in collaboration with two key partners: Pioneer Infra Consultants Private Limited and Neoteric Consultant LLP. This partnership approach demonstrates the company's strategy of leveraging specialized expertise for complex infrastructure projects under the government's flagship Bharatmala Pariyojana initiative.

The project falls under the Hybrid Annuity Model (HAM), which is a preferred procurement mechanism for highway projects in India. The contract involves providing independent engineering oversight during the critical operation and maintenance phase of the expressway infrastructure.

Regulatory Compliance and Commercial Terms

The company has confirmed receipt of the Letter of Award for the project and has fulfilled all regulatory disclosure requirements. The contract is classified as a domestic award with no related party transactions involved. The commercial consideration of ₹4,97,80,620.00 excludes GST and represents a significant addition to the company's order book.

This contract award reinforces Artefact Projects Ltd's position in the infrastructure consulting sector and its capability to secure projects under major government initiatives. The 60-month duration provides revenue visibility and strengthens the company's long-term project pipeline in the highway infrastructure segment.

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.