Artefact Projects Ltd has announced the receipt of a significant new order valued at ₹59.60 million. This development represents an important milestone for the small-cap company, demonstrating its continued ability to secure substantial business contracts.

Order Details

The company has successfully secured this order, which adds to its business pipeline and revenue prospects. The order value of ₹59.60 million represents a notable contract for the organization.

Company Profile

Artefact Projects Ltd operates in the miscellaneous sector and is classified as a small-cap company with a market capitalization of ₹46.25 crores. The company carries the ISIN code INE885B01014.

Business Impact

This order announcement reflects the company's ongoing business development efforts and its ability to attract new contracts. For a small-cap company, securing orders of this magnitude can have a meaningful impact on revenue generation and business growth trajectory.

The successful acquisition of this order demonstrates Artefact Projects' competitive positioning in its operational sector and its capacity to deliver value to clients, which has resulted in this substantial contract award.

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.

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.