18 Feb 2025

Artefact Projects Shares Rise 3.36%; Secures NHAI Consultancy Order

Artefact Projects is currently trading at RS. 67.10, up by 2.18 points or 3.36% from its previous closing of RS. 64.92 on the BSE.

The stock opened at RS. 69.66 and recorded a high of RS. 69.66 and a low of RS. 67.00. A total of 1,021 shares have been traded so far.

This BSE Group 'X' stock, with a face value of RS. 10, has touched a 52-week high of RS. 100.94 on April 1, 2024, and a 52-week low of RS. 58.20 on June 5, 2024. Over the past week, the stock's high and low were RS. 72.80 and RS. 63.20, respectively. The company's current market capitalization stands at RS. 48.79 crore.

The promoter holding in the company is 39.09%, while non-institutional investors hold 60.91% stake.

Artefact Projects has secured a project order from the National Highway Authority of India (NHAI) for supervision consultancy services in the operations and maintenance of NH-30, spanning from Ibrahimpatnam Circle (Km.0+000) to the Tiruvuru-AP Telangana Border (Km.70+200) in Andhra Pradesh. The project has been awarded in a joint venture with Mangalam Infra & Engineering, in association with Renaissance IOT LLP (Project Associate Partner) and M/s Desh Upodesh (Technology Associate Partner).

The company has received the Letter of Award (LoA) for this project, with an estimated contract fee of RS. 2.55 crore (excluding GST). The project is expected to be completed within 36 months.

Artefact Projects specializes in project management services for highways, airports, and urban development projects, with a global presence in infrastructure consulting.