Artefact Projects trades higher on securing projects assignments from National Highway Authority of India

Artefact Projects is currently trading at Rs. 58.00, up by 0.28 points or 0.49% from its previous closing of Rs. 57.72 on the BSE.

Artefact Projects
Artefact Projects

The scrip opened at Rs. 60.00 and has touched a high and low of Rs. 60.00 and Rs. 57.75 respectively. So far 13752 shares were traded on the counter.

The BSE group ‘XT’ stock of face value Rs. 10 has touched a 52 week high of Rs. 79.25 on 06-Sep-2022 and a 52 week low of Rs. 30.16 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 61.60 and Rs. 54.01 respectively. The current market cap of the company is Rs. 42.05 crore.

The promoters holding in the company stood at 39.09%, while Institutions and Non-Institutions held 0.41% and 60.50% respectively.

Artefact Projects has secured projects assignments with contracted fees of Rs 9 crore from National Highway Authority of India to provide consultancy services for Authority’s Engineer for supervision of two projects that are construction of Agra Bypass (Northern) connecting km. 174.500 of NH-19 (old NH-2) to km 141.000 of Yamuna Expressways in the district of Mathura in the state of Uttar Pradesh on EPC mode in the State of Uttar Pradesh and construction of left out portion of Agra Inner Ring Road connecting village Deori (Design CH.0.00) to NH-44 (old NH-03) village Bad (Design CH. 7.772) in the district of Agra in the state of Uttar Pradesh on EPC mode.

The Company’s order book of fees stands at around Rs 205 crore including orders bagged for 20 projects assignments comprising contracted fees of around Rs 142 crore in past year itself. The present order book position imparts to the Company a revenue visibility for next 4 to 5 years with almost 100% expected increase in Annual Turnover levels.

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