09-07-2023 02:35 PM | Source: Accord Fintech
Artefact Projects zooms on bagging projects from NHAI
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Artefact Projects is currently trading at Rs. 52.49, up by 2.49 points or 4.98% from its previous closing of Rs. 50.00 on the BSE.

The scrip opened at Rs. 52.50 and has touched a high and low of Rs. 52.50 and Rs. 51.50 respectively. So far 62122 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 71.90 on 09-Sep-2022 and a 52 week low of Rs. 30.16 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 52.50 and Rs. 46.35 respectively. The current market cap of the company is Rs. 38.19 crore.

The promoters holding in the company stood at 39.09%, while Institutions and Non-Institutions held 1.03% and 59.88% respectively.

Artefact Projects has been awarded three Projects from National Highway Authority of India (NHAI). The first project is for Independent engineer (IE) services for operation and maintenance stage and balance construction work for four laning of Bhavnagar-Talaja section of NH - 51 from km. 07.090 to km 53.585 (design ch. From km 6.945 to km 54.990) (PKG-1) through hybrid annuity mode in the state of Gujarat. The second project is for Consultancy Services for AE for Supervision of Construction of 4 lane access-controlled highway from Samarlakota to Achampeta Junction (from km. 0.000 to Km. 12.250) as a part of Kakinada port to NH-16 connectivity in AP on EPC mode under Bharatmala Pariyojana. The third project is for Independent Engineer Services for Operation and Maintenance of km 0.000 to km 99.005 of NH26 in the state of UP and MP under North-South corridor (NHDP Phase-II) on TOT Mode. 

The company has signed the Contract Agreements of the said Projects with NHAI and received the Commencement letter. The company’s contracted fees for the above projects awarded is Rs 14.7 crore.

Artefact Projects provides project management services for highways, airports & urban development projects. The company has a global presence and reach of services.