Shares of Artefact Projects Ltd rallied 6% on 24 July after the company announced securing an order worth Rs 4.66 crore for the Ministry of Road Transport and Highway.

In its regulatory filing, the company said that the Ministry of Road Transport and Highway awarded Artefact Projects Ltd. a new project worth Rs 4.66 crore for the supervision of the construction of the project, which includes rehabilitation and upgrading of NH 353 C in Gadchiroli District, Maharashtra, from Lagam to Atapatlli section to Configuration section on an EPC basis. As a result of this order, the company’s shares have experienced positive movement today.

Based on the most recent shareholding pattern of the company, Retail shareholders own 60.23% of the shares, Foreign Institutional Investors own 0.69%, and the Promoters own 39.09%.

Artefact Project Ltd offers engineering, architectural, and project management services for infrastructure projects, which mostly consist of roads. The projects also include city infrastructure, roadways, and airports. 

At 2:08 pm, the shares of Artefact Projects were trading 3.95% higher at Rs 75.77 on BSE.

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