Artefact Projects surges on securing project worth Rs 2.55 crore from NHAI
Artefact Projects is currently trading at Rs. 67.10, up by 2.18 points or 3.36% from its previous closing of Rs. 64.92 on the BSE.
The scrip opened at Rs. 69.66 and has touched a high and low of Rs. 69.66 and Rs. 67.00 respectively. So far 1021 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. 58.20 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 72.80 and Rs. 63.20 respectively. The current market cap of the company is Rs. 48.79 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 order project from National Highway Authority of India (NHAI) for Supervision Consultancy Services (SC) for operations and maintenance of NH-30 from Ibrahimpatnam Circle (Km.0+000) to Tiruvuru AP Telangana Border (Km.70+200) section of two lanes with paved shoulders in the State of Andhra Pradesh. Letter of Award (LoA)-Reg. in JV with Mangalam Infra & Engineering in association with Renaissance IOT LLP (Project Associate Partner) and M/s Desh Upodesh (Technology Associate Partner).
The company has received the letter of Award for the said project. The company’s contracted fees for the above project awarded is around Rs 2.55 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.
