Artefact Projects shines on bagging order around Rs 30.72 crore

Artefact Projects is currently trading at Rs. 50.90, up by 2.80 points or 5.82% from its previous closing of Rs. 48.10 on the BSE.

Artefact Projects
Artefact Projects

The scrip opened at Rs. 51.10 and has touched a high and low of Rs. 52.15 and Rs. 48.25 respectively. So far 2886 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 88.00 on 21-Jan-2022 and a 52 week low of Rs. 33.55 on 01-Jul-2021.

Last one week high and low of the scrip stood at Rs. 55.50 and Rs. 44.00 respectively. The current market cap of the company is Rs. 35.68 crore.

The promoters holding in the company stood at 43.71%, while Institutions and Non-Institutions held 0.69% and 55.60% respectively.

Artefact Projects has bagged total order around Rs 30.72 crore. The company has bagged order for design, review & supervision of construction of 4 laning of 3 proiects being sections of NH 62, in the State of Rajasthan and sections of NH-19, NH-44 and NH-82 in the State of Uttar Pradesh.

The company has secured order for consultancy services as supervision consultants for O & M and various other repair works and Periodical Renewal of Sections on NH-44 and consultancy services for preparation of DPR for construction of Guwahati Ring Road around 72.45 km length under Bharatmala pariyojana in the State of Assam.

The total aggregate fees of the new assignments is around Rs 30.72 crore which can result in additional annual revenue of around Rs 9 crore per annum for next 3 years.

Artefact Projects provides project management services for highways, airports & urban development projects. The company has a global presence and reach of services.

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