Dhruv Consultancy Services Limited has informed the Exchange regarding 'Project updates'.
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Awaiting price reaction for this filing.
Dhruv Consultancy Services has been empaneled by UPEIDA (Uttar Pradesh Expressways Industrial Development Authority) as a Project Development & DPR Consultant for the development of expressways in Uttar Pradesh on a 'Unit Lane Length basis.' The empanelment is for a period of 2 years. The company will be paid Rs. 50,000 per lane KM (including all taxes, excluding GST). This is an empanelment rather than a specific work order, so the total contract value is not defined and will depend on the lane KMs of expressway projects the company is assigned during the 2-year period.
This is a positive development as it gives Dhruv Consultancy access to UP government's expressway projects, but the actual revenue impact is uncertain since the total value is not pre-defined and depends on how many projects the company gets to execute under the empanelment.