Award28 Sept 2026, 06:30 pm
Artefact Projects Awarded ₹21.1 Cr Railway Consultancy Project
AI Summary
Artefact Projects Ltd has received a Letter of Award for Appointment of Authority Engineer for Project Management Services (PMS) at various construction sites under South Central Railway (SCR). This marks the company's first project in the Railway Consultancy sector. The contract is for a period of 24 months and has a total contracted fee of ₹21,12,89,143.54, exclusive of GST. The company will be undertaking this project in a joint venture with AVOK Engineering Consulting & Contracting Pvt Ltd and TUMAS Turkish Engineering Consulting & Contracting Inc. Co. A performance guarantee equivalent to 5% of the contract value is required.
Key Highlights
- Secured first Railway Consultancy project from South Central Railway.
- Contract value stands at ₹21.12 Crores for 24 months.
- Project involves providing Project Management Services (PMS).
- Undertaken as a joint venture with two other engineering firms.
- Requires a performance guarantee of 5% of the contract value.
Price Impact
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