Awarding Entity: The contract has been awarded by the National Highways Authority of India (NHAI).
Project Description: Consultancy Services of Supervision Consultant (SC) for the Operation and Maintenance of a Two Lane with Paved Shoulder highway section. The project location is from Thoppur Mettur to Bhavani Erode Section on NH 544H (from KM 0+000 to km 85+000) in the state of Tamil Nadu.
Contractor Entity: The work has been awarded to a consortium where M/s Artefact Projects Limited is the lead party in a Joint Venture with Pioneer Infra Consultants Private Limited and in association with Renaissance IOT LLP.
Contract Status: The company has received the formal Letter of Award for the project.
Financial & Commercial Terms
Contracted Fees: The total value of the awarded contract is ₹3,15,84,415 (Rupees Three Crore Fifteen Lakhs Eighty Four Thousand Four Hundred and Fifteen Only). This amount is exclusive of GST.
Contract Duration: The time period associated with the contract is 36 months.
Significant Terms: The nature of the services is Consultancy Services.
Related Party & Promoter Interest Disclosure
The company has confirmed that its promoters, promoter group, or group companies do not have any interest in the entity awarding the order (National Highways Authority of India).
Consequently, this contract award does not qualify as a Related Party Transaction.
