Artefact Projects Limited wins order worth Rs. 5.07 crores from NHAI

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

a. Independent engineer (IE) services for operation and maintenance stage of four laning of Kashipur- Sitarganj section NH-74 from km 175.000 to km 252.200 in the State of Uttarakhand and Uttar Pradesh under NHDP Phase -IV on DBFOT (Toll) basis.

b. The Company has received the letter of Award for the said project.

The Company's contracted fees for the above project awarded is approx. Rs. 5.07 crores.

With the above Contracted Award, the Company's Cumulative Gross Value of orders in hand for Ongoing Projects exceeds Rs. 236 crores which imparts a strong revenue visibility for next 3 to 4 years.

Shares of ARTEFACT PROJECTS LTD. was last trading in BSE at Rs. 49.24 as compared to the previous close of Rs. 50.96. The total number of shares traded during the day was 24105 in over 173 trades.

The stock hit an intraday high of Rs. 52.55 and intraday low of 48.42. The net turnover during the day was Rs. 1212356.00.

Source : Equity Bulls

Keywords

ARTEFACTPROJECTS INE885B01014 OrderWin NHAI