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.

Artefact Projects Ltd has secured a major consultancy services contract worth ₹7.77 crores from the National Highways Authority of India (NHAI) for highway projects in Andhra Pradesh. The company announced this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Contract Details and Scope

The contract involves providing consultancy services as an independent engineer during operation and maintenance for three significant highway projects in Andhra Pradesh. The comprehensive project encompasses multiple sections of National Highway 16 (NH-16), covering substantial infrastructure development in the region.

Project Components

The contract covers three major highway sections under the 6-laning initiative:

Chilakaluripet-Vijayawada Section

• Route: NH-16 from Km 355+000 to Km 357+342 and from Km 372+038 to Km 437+900
• Length: 68.20 kilometers
• Scope: 6-laning of existing highway infrastructure

Chilakaluripet Bypass

• Route: NH-16 (old NH-5) from Km 357+342 to Km 372+038
• Length: 16.50 kilometers
• Type: Bypass construction with 6-laning

Vijayawada Bypass

• Route: From Gollapudi (Km 30+000) to Chinnakakani (Km 47+881)
• Length: 17.64 kilometers
• Special Feature: Includes major bridge across river Krishna

Partnership and Collaboration

Artefact Projects Ltd will execute this project in association with multiple specialized firms, ensuring comprehensive expertise across different aspects of highway engineering and maintenance. The partner organizations include:

• Pioneer Infra Consultants Private Limited
• CADD Consulting Engineering Private Limited
• M/s Dev Laxmi Surveyor Bhopal

Regulatory Compliance

The company has fulfilled all regulatory disclosure requirements as mandated by SEBI Circular No. CIR/CFD/CMD4/2015 dated September 09, 2015. The contract has been confirmed as a domestic award with no related party transaction implications, ensuring arm's length commercial terms.

This significant contract award strengthens Artefact Projects Ltd's position in the highway infrastructure consultancy sector and demonstrates the company's capability to handle large-scale, multi-faceted engineering projects spanning extended durations.