Artefact Projects Limited bags Projects assignments with Contracted Fees of Rs. 9 crores

Artefact Projects Limited has been awarded the following Projects from National Highway Authority of India:

- Consultancy Services for Authority's Engineer for supervision for the projects: a. Construction of Agra Bypass (Northern) connecting km. 174.500 of NH-19 (old NH-2) to km 141.000 of Yamuna Expressways in the district of Mathura in the state of Uttar Pradesh on EPC mode in the State of Uttar Pradesh.

- Construction of left out portion of Agra Inner Ring Road connecting village Deori (Design CH.0.00) to NH-44 (old NH-03) village Bad (Design CH. 7.772) in the district of Agra in the state of Uttar Pradesh on EPC mode.

The Company's order book of fees stands at Rs. 205 Crores approx. including orders bagged for 20 projects assignments comprising contracted fees of approx. Rs. 142 Crores in past year itself.

The present Order book position imparts to the Company a revenue visibility for next 4 to 5 years with almost 100% expected increase in Annual Turnover levels.

Shares of ARTEFACT PROJECTS LTD. was last trading in BSE at Rs. 57.48 as compared to the previous close of Rs. 56.25. The total number of shares traded during the day was 14461 in over 83 trades.

The stock hit an intraday high of Rs. 59.06 and intraday low of 55.00. The net turnover during the day was Rs. 838044.00.

Source : Equity Bulls

Keywords

ARTEFACTPROJECTS INE885B01014 OrderWin Projects