Dhruv Consultancy Services Limited has informed the Exchange regarding 'Regulation 30 Project Updates Letter'.
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Dhruv Consultancy Services has received a Letter of Award from the National Highways Authority of India (NHAI) for Supervision Consultancy services on a highway project in Telangana. The project covers Operation & Maintenance of an 85.80 km stretch (Km 23.000 to Km 108.000) on the Hyderabad (Tukkuguda) to Dindi section of NH-765 on PMC mode. The contract is valued at Rs. 2.88 crore (excluding GST) and will run for 36 months. The work will be executed in association with M/s Lane Logic Consultants. The company must furnish performance security within 15 days of the LOA.
This is a modest but steady revenue addition for the company, with the contract spread over 3 years. It strengthens the order book from a government client (NHAI), but the Rs. 2.88 crore size (about Rs. 96 lakh per year) is not transformative for a listed entity, so the immediate stock impact is likely limited.