This micro-cap stock engaged in providing engineering, architectural, project management, and consultancy services, specializing in infrastructure projects like highways, urban development, and road construction, is in focus after receiving an order worth Rs. 24.16 crore from the National Highway Authority of India (NHAI).
Stock Price Movement
With a market capitalization of Rs. 41.54 crore, the shares of Artefact Projects Limited were currently trading at Rs. 56.51 per equity share, down nearly 6.42 percent from its previous day’s close price of Rs. 60.39.
What Happened
Artefact Projects Limited has received a Letter of Award for providing Supervision Consultancy Services for the operations and maintenance of the Penchalakona to Yerpedu section of NH-565 in Andhra Pradesh.
The project is valued at approximately Rs. 24.16 crore and involves upgrading an 84 km stretch to a 2-lane road with a paved shoulder. The project is awarded by the National Highway Authority of India (NHAI), and the work is scheduled for completion over 36 months.
Recent Projects
Artefact Projects has been involved in several important projects, including providing Authority Engineer services for the six-laning of NH-44 in Telangana under the Bharatmala Pariyojana.
Additionally, the company has also provided consultancy for widening roads in Nagaland and Manipur. Artefact has supervised road construction projects to improve port connectivity in Andhra Pradesh.
Global Presence
Artefact Projects has built strong collaborations with international consultants and technical experts, boosting its capabilities and global reach. The company is actively expanding its portfolio by participating in a wide range of infrastructure projects across India, further enhancing its presence and expertise in the industry.
Service Offerings
Artefact Projects offers a variety of services, including engineering and architectural services for infrastructure projects, particularly highways. The company also provides project management, handling projects from start to finish.
Additionally, Artefact Projects offers consultancy services, acting as the Authority’s Engineer for several projects, such as highway expansions and urban development.
Recent quarter results
Artefact Projects Limited’s revenue has increased from Rs. 6.38 crore in Q3 FY24 to Rs. 7.33 crore in Q3 FY25, which has grown by 14.89 percent. The net profit has decreased by 31.87 percent from Rs. 1.82 crore in Q3 FY24 to Rs. 1.24 crore in Q3 FY25.
Written By – Nikhil Naik
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