Introduction:
Leading infrastructure firm has been awarded a significant project by the National Highway Authority of India (NHAI). The project involves supervision consultancy services for the operations and maintenance of NH-30 in Andhra Pradesh, valued at approximately ₹255.94 lakh.
Share price movement of Artefact Projects:
On February 18, 2025, Artefact Projects Ltd opened at ₹69.66, up 7.47% from its previous close of ₹64.92. The stock hit a high of ₹69.66 (7.47%) and a low of ₹64.56. By 11:48 AM, it traded at ₹64.56, down 0.55%, with a market cap of ₹46.97 crore.
Artefact Projects Secures NHAI Consultancy Project:
Artefact Projects Limited has secured a Letter of Award (LOA) for a significant project from the National Highway Authority of India (NHAI). The project involves supervision consultancy services for the maintenance of NH-30 in Andhra Pradesh.
The scope of the project covers operations and maintenance of the 70+ km section of NH-30 from Ibrahimpatnam Circle to the Tiruvuru AP Telangana Border. Artefact Projects, in joint venture with Mangalam Infra & Engineering Ltd., Renaissance 10T LLP, and Desh Upodesh Limited, will oversee the project.
The awarded contract is valued at approximately ₹255.94 Lakh, excluding GST, with a project timeline of 36 months. Artefact Projects Limited has confirmed no related-party transactions in this deal.
Recent news on Artefact Projects:
As of February 10, 2025, Artefact Projects Ltd reported a 14.96% increase in net sales to ₹7.33 crore for Q3 FY24. However, net profit dropped 31.93% to ₹1.24 crore, with a decrease in EBITDA and EPS.
Stock performance of Artefact Projects for Period of 1 week, 6 months and 1 year:
Artefact Projects Ltd has witnessed a decline of 5.18% in the past week. Over the last six months, the stock dropped 12.0%, and in the past year, it experienced a significant fall of 30.2%, reflecting ongoing challenges.
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Shareholding pattern of Artefact Projects:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 39.10% | 39.10% | 39.10% |
| FII | 0.00% | 0.30% | 0.70% |
| DII | 0% | 0% | 0.00% |
| Public | 60.90% | 60.60% | 60% |
About Artefact Projects:
Artefact Projects Ltd (BSE: 531297) is an infrastructure services consultancy, offering engineering, architectural, and project management services for sectors like highways, urban infrastructure, airports, mining, and railways since 1987, playing a pivotal role in India’s infrastructure development.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
