27 May 2025

Artefact Projects Rises Over 2%, Wins Government Highway Consultancy Project

Artefact Projects is currently trading at RS. 65.60, up by 1.53 points or 2.39% from its previous close of RS. 64.07 on the BSE.

The stock opened at RS. 66.00 and moved between a high of RS. 67.20 and a low of RS. 65.41 during the session. A total of 4188 shares were traded so far.

This BSE group 'X' stock, with a face value of RS. 10, has touched a 52-week high of RS. 89.74 on December 30, 2024, and a 52-week low of RS. 52.00 on May 9, 2025. Over the last week, it traded between RS. 67.20 and RS. 57.00. The company’s current market capitalization stands at RS. 47.59 crore.

Promoter holding in the company is at 39.09%, while non-institutional investors hold 60.91%.

In a key development, Artefact Projects has been awarded a consultancy project by the Ministry of Road Transport & Highways, Government of India. The assignment involves the preparation of Detailed Project Reports (DPRs) for construction of bypasses for towns Kot Ise Khan (NH-703B), Bhikwind (NH-703B), Bagha Purana (NH-254), and Jalalabad (NH-754) in Punjab.

This project is in collaboration with M/s Manglam Infra & Engineering and Shree Mahamai. The company has received the Letter of Award (LoA), with a total contract value of RS. 40.74 lakh (excluding GST).

Artefact Projects specializes in project management services for highways, airports, and urban infrastructure, with operations spanning both domestic and international markets.