The shares of an Indian company engaged in the project consultancy business in India are up by close to 11.11 percent Intraday After the company bags orders worth Rs 3.78 Crs from NHAI
The shares of Artefact Projects Ltd, with a market capitalization of Rs.45.11 crores on Monday. Its shares are trading at a CMP of Rs 62.00, against the previous closing price of Rs 57.60. The stock had surged up by 11.11 percent intraday to a High of Rs.64.00
The News
Artefact Projects Limited, has been awarded an order worth Rs 3.78 crs for providing Independent Engineer Services during the Operation and Maintenance phase of the four-laning project for the UP/Haryana Border–Rohna–Hassangarh–Jhajjar section of NH-334B. The project covers a total stretch from Km 0.000 to Km 80.250 and is being executed under Hybrid Annuity Mode (HAM) in the state of Haryana.
The contract was awarded by the National Highways Authority of India (NHAI) and is for a duration of 36 months. The scope of work involves fulfilling the role of Independent Engineer, ensuring quality control, progress monitoring, and compliance oversight during the operation and maintenance period of the highway stretch.
Artefact Projects Ltd is engaged in the project consultancy business in India Company is an Infrastructure Services Consultancy Organization which provides Engineering, Architectural, and Project Management services for Infrastructure Projects viz. Highways, Urban Infrastructure, Airports, Mining Services, and Railways
The company’s revenue from operations had increased by 1.61 percent from Rs 7.47 crs in Q3FY24 to Rs 7.59 crs in Q3FY25, but its Net profits have decreased by 31.87 percent from Rs 1.82 crs in Q3FY24 to Rs 1.24 crs in Q4FY25, and the company’s PE ratio stands at 9.61 against the industry PE of 27.3
Written By Likesh Babu S
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