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Artefact Projects repays term loan with Canara Bank

19 Oct 2019 Evaluate

Artefact Projects has repaid entire outstanding balance of Term Loan sanctioned by Canara Bank, Original sanctioned amount of Rs 10 crore. The loan was prepaid on October 11, 2019. The Term Loan repayment shall result in saving in interest costs, as well as cash outflows due to repayment of term loan installment, of Rs 1 crore per annum.

Artefact Projects provides project management services for highways, airports & urban development projects. The company has a global presence and reach of services.  

Peers
Company Name CMP
NBCC (India) 78.60
Rites 209.35
Mold-Tek Tech 211.20
Dhruv ConsultancySer 20.06
Telge Projects 258.55
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