Artefact Projects Ltd Awarded Contract for NH 544H Supervision in Tamil Nadu Worth Rs 3.15 Crore
Artefact Projects Ltd has been awarded a significant contract by the National Highways Authority of India (NHAI) concerning the operation and maintenance supervision of a stretch of National Highway 544H in Tamil Nadu. The project, valued at Rs 3,15,84,415/- exclusive of GST, was secured by Artefact Projects Limited as part of a joint venture.The contract involves providing Consultancy Services of Supervision Consultant (SC) for the Operation and Maintenance of Two Lane with Paved Shoulder on NH 544H in the state of Tamil Nadu. This vital infrastructure project covers the stretch from Thoppur Mettur Bhavani to Erode Section, spanning KM 0+000 to km 85+000.
Artefact Projects Limited secured the work as the highest ranking firm bidder alongside Pioneer Infra Consultants Private Limited and Renaissance IOT LLP. The engagement with NHAI covers a term of 36 months.
Details regarding the contract awarded by the National Highways Authority of India are provided below:
| Particulars | Details |
|---|---|
| Awarding Entity | National Highways Authority of India |
| Scope of Work | Consultancy Services for Operation and Maintenance of Two Lane with Paved Shoulder on NH 544H in Tamil Nadu |
| Contract Value | Rs. 3,15,84,415/- (Exclusive of GST) |
| Time Period | 36 Months |
Stock Price Movement
Artefact Projects Ltd settled at ₹53.39 on Thursday, registering a decline of 1.86%. The stock traded throughout the session within an intraday range spanning from a low of ₹53.10 to a high of ₹55.65.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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