Artefact Projects Rises 1.30% After Securing ₹5.1 Cr NHAI Highway Order
By Shishta Dutta | Published at: Jul 9, 2025 11:19 AM IST
Nagpur, July 9 – The shares of Artefact Projects Ltd (BSE: 531297) surged 1.30% as of 10:30 AM IST Tuesday, following its announcement of securing a ₹5.10 crore contract for highway consulting services in Odisha. The announcement helps add revenue clarity over 48 months and also improves earnings visibility.
The company received a Letter of Award (LoA) for Independent Engineer Services on a new four-lane access-controlled highway between Cuttack (CRRR end at NH-16 near Tangi) and Kandarpur (SH-12), under the Hybrid Annuity Mode. The project spans 21.225 km and is awarded by the National Highways Authority of India (NHAI). It will be executed in a joint venture with MSV International Inc. and Sunnily Consultants Pvt. Ltd, with a tenure of 48 months.
The project will also help reaffirm the company’s competitive positioning in the highway sector and enhance its governance perception and investor trust in the company’s fundamentals.
At 10:30 AM, the stock traded at ₹74.05 (1.30% higher than the previous close).
Key Contract Details
| Particulars | Details |
|---|---|
| Project Scope | Independent Engineer Services for Highway Project |
| Awarding Authority | National Highways Authority of India |
| Project Location | Odisha (Cuttack to Kandarpur) |
| Project Length | 21.225 km |
| Mode | Hybrid Annuity |
| Contract Value (excl. GST) | ₹5,10,00,000 |
| Joint Venture Partners | MSV International Inc, Sunnily Consultants Pvt. Ltd |
| Tenure | 48 months |
| Regulation Disclosure | SEBI (LODR) Reg. 30 and SEBI Circular CIR/CFD/CMD4/2015 |
Market Snapshot (as of 09:35 IST, July 9)
| Metric | Value |
|---|---|
| Last Traded Price | ₹74.74 |
| Change | +₹1.64 (+2.24%) |
| Day’s High | ₹74.98 |
| Day’s Low | ₹73.50 |
| Previous Close | ₹73.10 |
| VWAP | ₹74.65 |
| 52-Week High | ₹89.74 |
| 52-Week Low | ₹52.00 |
| Market Cap (Full) | ₹54.37 Cr |
| Market Cap (Free Float) | ₹32.44 Cr |
| EPS (TTM) | ₹10.21 |
| PE / PB Ratio | 7.32 / 0.87 |
| ROE | 11.89% |
| Average 2W Volume | 0.11 lakh shares |
| Turnover (Day So Far) | ₹2.38 lakh |
| TTQ | 3,194 shares |
| Industry Classification | Consulting Services |
Shares opened higher at ₹74.94 and hovered near the day’s high of ₹74.98, signalling bullish sentiment following the contract announcement. The development comes even as the scrip continues to see low average participation (less than 100 unique clients/PAN in the past 30 days).
About the Company
Artefact Projects Ltd is a listed infrastructure consulting firm based in Nagpur, Maharashtra. It specialises in engineering, project management, and urban planning services, with a strong presence in the highways and transportation sectors. The company is listed on BSE under the Consulting Services category and follows the T+1 settlement cycle.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/3397a215-f9e8-4c63-a732-11320be02180.pdf
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