Artefact Projects Awarded Contract for Road Supervision Consultancy by National Highways Authority of India
Artefact Projects Ltd, a provider of Project Management and Consulting Engineering services, has secured a contract from the National Highways Authority of India (NHAI). The project involves providing Supervision Consultant (SC) service during the Operation and Maintenance (O&M) stage of a specific national highway section.The contract concerns the 4-lane road of the Champa-Korba Katghora section of NH-149B in the State of Chhattisgarh, covering the stretch from design Chainage 0.000 to Chainage 38.200 (Pkg-I). Artefact Projects Ltd is undertaking this project in association with KCS Engineering Private Limited.
The commercial consideration for the awarded project stands at Rs. 2,93,05,000/-, exclusive of GST. The contract duration associated with the consultancy service is 38 months.
Details regarding the order and contract are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | National Highways Authority of India |
| Nature of Order | Supervision Consultancy |
| Project Scope | O&M stage of 4-lane road (Champa-Korba Katghora section of NH-149B) |
| Commercial Consideration | Rs. 2,93,05,000/- |
| Contract Duration | 38 Months |
Stock Price Movement
Artefact Projects Ltd settled on Tuesday at ₹55.99, as shares edged higher by 0.67% in post-market trading. Throughout the session, the stock traded within an intraday range, bouncing between a low of ₹55.00 and a high of ₹57.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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