Artefact Projects Secures Rs 30.8 mn NHAI Supervision Contract
ROADS & HIGHWAYS

Artefact Projects Secures Rs 30.8 mn NHAI Supervision Contract

Artefact Projects has secured an order worth Rs 30.8 million (mn) from the National Highways Authority of India for supervision services on a highway project in Chhattisgarh. The contract award was announced by the company and will be executed in association with KCS Engineering. The company indicated the award will support its order book and reinforce its presence in the highway sector.

The assignment requires the firm to act as Supervision Consultant during the operation and maintenance phase of the four-lane Bilaspur-Urga section of NH-130A, covering design chainage 0.000 to 70.200 km from NH-49 near Dheka village to Bhiasma village. The contract value is Rs 30.8 mn and the execution period is 38 months. The supervision consultant role covers oversight of maintenance works, quality assurance and compliance monitoring and reporting.

The company clarified that the order does not constitute a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the award. Artefact provides engineering, architectural and project management services for infrastructure projects, with a focus on highways and collaborations with international consultants and technical experts. Its global collaborations and experienced technical staff and dedicated management support its project delivery capabilities.

On a standalone basis the firm reported a sharp decline in net profit of 85.17 per cent to Rs 8.6 mn in the fourth quarter of FY26 from Rs 58.0 mn in the corresponding quarter last year, while revenue from operations rose 12.48 per cent year on year to Rs 143.3 mn during the quarter. Shares of Artefact Projects added zero point seven six per cent to Rs 56.70 on the BSE, reflecting modest market reaction to the order and quarterly results. The stock movement was modest and followed mixed financial indicators in the quarter.

Artefact Projects has secured an order worth Rs 30.8 million (mn) from the National Highways Authority of India for supervision services on a highway project in Chhattisgarh. The contract award was announced by the company and will be executed in association with KCS Engineering. The company indicated the award will support its order book and reinforce its presence in the highway sector. The assignment requires the firm to act as Supervision Consultant during the operation and maintenance phase of the four-lane Bilaspur-Urga section of NH-130A, covering design chainage 0.000 to 70.200 km from NH-49 near Dheka village to Bhiasma village. The contract value is Rs 30.8 mn and the execution period is 38 months. The supervision consultant role covers oversight of maintenance works, quality assurance and compliance monitoring and reporting. The company clarified that the order does not constitute a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the award. Artefact provides engineering, architectural and project management services for infrastructure projects, with a focus on highways and collaborations with international consultants and technical experts. Its global collaborations and experienced technical staff and dedicated management support its project delivery capabilities. On a standalone basis the firm reported a sharp decline in net profit of 85.17 per cent to Rs 8.6 mn in the fourth quarter of FY26 from Rs 58.0 mn in the corresponding quarter last year, while revenue from operations rose 12.48 per cent year on year to Rs 143.3 mn during the quarter. Shares of Artefact Projects added zero point seven six per cent to Rs 56.70 on the BSE, reflecting modest market reaction to the order and quarterly results. The stock movement was modest and followed mixed financial indicators in the quarter.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code