Artefact Projects Ltd has secured a significant supervision consultancy contract worth Rs 3,27,71,800 from the National Highways Authority of India (NHAI). The project involves supervision consultancy for quality and monitoring of highway construction and upgradation work in Rajasthan under the Bharatmala Pariyojana.

Project Details and Scope

The awarded project encompasses supervision consultancy for quality and monitoring of construction and upgradation to 2-lane with paved shoulder configuration. The highway section spans from Raisignhnagar to Poogal, covering design chainage from 101.000 km to 236.460 km, representing a total length of 162.460 km.

Partnership and Implementation

Artefact Projects Ltd will execute this project in association with two partner firms - Pioneer Infra Consultants Private Limited and Neoteric Consultant LLP. The project falls under Bharatmala Package-06 (Phase II) and represents a second call tender under the Bharatmala Pariyojana Phase-I initiative.

Regulatory Compliance

The company has fulfilled all regulatory requirements under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The project details confirm that this is a domestic contract with no related party transactions involved. The consultancy services will be provided on an Engineering, Procurement, and Construction (EPC) mode basis.

Strategic Significance

This contract reinforces Artefact Projects Ltd's position in the infrastructure consultancy sector, particularly in highway development projects under government initiatives. The 36-month project duration provides sustained revenue visibility for the company while contributing to India's highway infrastructure development under the Bharatmala Pariyojana.

Artefact Projects Ltd has secured a significant contract from the National Highways Authority of India (NHAI) for Independent Engineer Services worth Rs 3,53,09,279.5 excluding GST. The company announced this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Project Overview

The contract involves Quality & Monitoring (Q & M) services for the four-laning of Nanasa to Pidgaon section of NH-47 (old NH-59A) under the Indore-Harda Package-III. This infrastructure project spans a length of 47.445 km, covering the design chainage from 95+000 Km to 142+445km. The project is part of the Bharatmala Pariyojana Phase-I (Economic Corridor) initiative in Madhya Pradesh and will be executed on a Hybrid Annuity Basis.

Contract Details

Partnership and Execution

Artefact Projects Ltd will execute this project in association with Pioneer Infra Consultants Private Limited and Neoteric Consultant LLP. The collaboration brings together expertise in infrastructure consulting and project management for this significant highway development initiative under the government's Bharatmala program.

Regulatory Compliance

The company has confirmed that this contract does not involve any related party transactions and that promoters or group companies have no interest in the awarding entity. The project award represents an arm's length transaction with NHAI, ensuring compliance with regulatory requirements. The company has received the formal letter of award for the project and has fulfilled all disclosure obligations under SEBI regulations.

Strategic Significance

This contract award reinforces Artefact Projects Ltd's position in the infrastructure consulting sector, particularly in highway development projects. The 36-month duration provides revenue visibility and strengthens the company's order book in the growing infrastructure segment. The project's inclusion under Bharatmala Pariyojana Phase-I highlights the company's capability to participate in major national infrastructure initiatives.