Artefact Projects soars on securing LoA worth Rs 3.77 crore from NHAI
Artefact Projects is currently trading at Rs. 61.70, up by 4.10 points or 7.12% from its previous closing of Rs. 57.60 on the BSE.
The scrip opened at Rs. 59.99 and has touched a high and low of Rs. 64.00 and Rs. 59.80 respectively. So far 12046 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.74 on 30-Dec-2024 and a 52 week low of Rs. 52.00 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 64.00 and Rs. 56.22 respectively. The current market cap of the company is Rs. 45.11 crore.
The promoters holding in the company stood at 39.09%, while Non-Institutions held 60.91% stake in the company.
Artefact Projects has received the letter of Award (LoA) in association with Renaissance 10T LLP from National Highway Authority of India (NHAI). The LoA is for independent engineer services during operation and maintenance of 4 laning of UP/Haryana Border - Rohna - Hassangarh - Jhajjar Section of NH -334B from Km. 0.000 to Km. 80.250 on HAM mode in State of Haryana (3rd Call).
The company’s contracted fees for the above project awarded is around Rs 3.77 crore plus GST as applicable. The project 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.
