Artefact Projects Limited receives orders worth Rs. 14.7 crores

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

a. Independent engineer (IE) services for operation and maintenance stage and balance construction work for four laning of Bhavnagar-Talaja section of NH - 51 from km. 07.090 to km 53.585 (design ch. From km 6.945 to km 54.990) (PKG-1) through hybrid annuity mode in the state of Gujarat.

b. Consultancy Services for AE for Supervision of Construction of 4 lane access-controlled highway from Samarlakota to Achampeta Junction (from km. 0.000 to Km. 12.250) as a part of Kakinada port to NH-16 connectivity in AP on EPC mode under Bharatmala Pariyojana.

c. Independent Engineer Services for Operation and Maintenance of km 0.000 to km 99.005 of NH26 in the state of UP and MP under North-South corridor (NHDP Phase-II) on TOT Mode.

The Company has signed the Contract Agreements of the above Projects with NHAI and received the Commencement letter.

The Company's contracted fees for the above projects awarded is Rs. 14.7 crores.

Shares of ARTEFACT PROJECTS LTD. was last trading in BSE at Rs. 50.00 as compared to the previous close of Rs. 50.00. The total number of shares traded during the day was 5068 in over 29 trades.

The stock hit an intraday high of Rs. 50.00 and intraday low of 48.30. The net turnover during the day was Rs. 248838.00.

Source : Equity Bulls

Keywords

ARTEFACTPROJECTS INE885B01014 OrderWin NHAI