Dhruv Consultancy bags Rs 40.92 Cr LOA for Odisha road and bridge projects

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Price reactionminutes from the announcement price · days from the prior close

+4.8%Reaction day

₹22.87

prior close

₹24.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+4.7% vs market

On the reaction day the stock moved 4.7 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+4.8+0.1+4.7

Next day

+10.0+0.2+9.8

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15d

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

Dhruv Consultancy Services, along with Arkitechno Consultants India (joint bid), has received a Letter of Award from Odisha Bridge and Construction Corporation (OBCC) for Programme Management Consultancy on various road and bridge projects in Odisha. The contract is worth Rs 40.92 Crore excluding GST, with a duration of 36 months. The company must furnish a performance security deposit within 7 days. It is a domestic order from a state government entity with no related party interest.

Likely market impact

Positive - new Rs 40.92 Crore government contract adds to order book and gives revenue visibility over 3 years.