Artefact Projects Limited has been awarded a project by the National Highways Authority of India (NHAI) to provide Independent Engineer Services for a new four-lane access-controlled highway in Odisha.
In a regulatory filing dated July 8, 2025, the company informed stock exchanges that it has received a Letter of Award (LOA) for the project, which is to be executed in joint venture with MSV International Inc and in association with Sunnily Consultants Pvt. Ltd.
Key highlights of the order:
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Scope of work: Independent Engineer Services for construction of a new four-lane access-controlled highway from Cuttack (end point of CRRR at NH-16 near Tangi) to Kandarpur on SH-12, covering 21.225 km under Hybrid Annuity Mode.
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Contract value: ₹5.1 crore (excluding GST)
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Duration: 48 months
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Awarding authority: National Highways Authority of India (NHAI)
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Promoter interest: None; this does not fall under related party transactions.
Artefact Projects stated that the contract aligns with its expertise as a project management consultant and is part of its continued focus on infrastructure development in India
