Artefact Projects Bags NHAI Consultancy Order, Secures ₹3.15 Crore Contract For Infrastructure Project
Artefact Projects has been awarded a Rs 3.15 crore contract by the National Highways Authority of India (NHAI) for supervision consultancy services in Tamil Nadu, extending for 36 months.
Artefact Projects has been awarded a Rs 3.15 crore contract by the National Highways Authority of India. |
Mumbai: Artefact Projects Limited on Monday announced it has secured a consultancy contract worth Rs 3,15,84,415 from the National Highways Authority of India (NHAI).
Project Scope
The contract involves providing supervision consultant (SC) services for the operation and maintenance of a two-lane road with a paved shoulder. This covers the Thoppur Mettur Bhavani Erode Section on NH 544H, spanning 85 kilometres in Tamil Nadu.
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Joint Venture Agreement
The work was awarded to Artefact Projects as the highest-ranking (H1) bidder. The company is undertaking the project in a joint venture with Pioneer Infra Consultants Private Limited, in association with Renaissance IOT LLP.
Contract Duration
The consultancy services for this project are for a period of 36 months. The contracted fees are exclusive of GST, the company reported.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.
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