Artefact Projects Limited bags projects assignments with Fees of Rs. 30.72 crores

Artefact Projects Limited has received projects assignments with total aggregate fees of approx. Rs. 30.72 Cr. which can result in additional annual revenue of approximately Rs. 9 Cr. per annum for next 3 years. The assignments are:

- As Authority's Engineer for design, review & supervision of Construction of 4 laning of 3 projects being sections of NH 62, in the State of Rajasthan and sections of NH-19, NH-44 and NH-87 in the State of Uttar Pradesh.

- Consultancy services as supervision consultants for O & M and various other repair works and Periodical Renewal of Sections on NH-44.

- Consultancy services for preparation of DPR for construction of Guwahati Ring Road approx. 72.45 km length under Bharatmala pariyojana in the State of Assam.

The Company has Participated in 65 No. of bids involving fees of approx. Rs. 524.42 crores, out of which some orders are further expected.

Shares of ARTEFACT PROJECTS LTD. was last trading in BSE at Rs. 48.10 as compared to the previous close of Rs. 46.95. The total number of shares traded during the day was 2564 in over 47 trades.

The stock hit an intraday high of Rs. 48.75 and intraday low of 44.00. The net turnover during the day was Rs. 119996.00.

Source : Equity Bulls

Keywords

ARTEFACTPROJECTS INE885B01014 ConsultingServices ProjectAssignments