Artefact Projects moves higher on bagging project worth Rs 2.41 crore from NHAI
Artefact Projects is currently trading at Rs. 58.78, up by 2.27 points or 4.02% from its previous closing of Rs. 56.51 on the BSE.
The scrip opened at Rs. 58.00 and has touched a high and low of Rs. 59.79 and Rs. 57.13 respectively. So far 1268 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 100.94 on 01-Apr-2024 and a 52 week low of Rs. 56.00 on 28-Mar-2025.
Last one week high and low of the scrip stood at Rs. 65.65 and Rs. 56.00 respectively. The current market cap of the company is Rs. 42.76 crore.
The promoters holding in the company stood at 39.09%, while non-institutions held 60.91% stake in the company.
Artefact Projects has been awarded project from National Highway Authority of India (NHAI) for supervision consultancy services (SC) for operations and maintenance of Penchalakona to Yerpedu section of NH-565 from Km 425.400 to km 509.400 (Total length 84 km) to 2 Lane with paved shoulder in the State of Andhra Pradesh on PBMC Mode - Letter of Award in JV with Manglam Infra and Engineering Association with Renaissance IOT LLP.
The company's contracted fees for the above project awarded is around Rs 2.41 crore excluding GST. The order is to be executed within 36 months.
Artefact Projects provides project management services for highways, airports & urban development projects. The company has a global presence and reach of services.
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