Dhruv Consultancy Services Limited has informed the Exchange regarding 'Regulation 30 Project Updates'.
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Awaiting price reaction for this filing.
Dhruv Consultancy Services Limited, in association with Innovative Engineering Advisory LLP, has received a Letter of Award from the National Highways Authority of India (NHAI). The work involves preparing a Detailed Project Report (DPR) for 4-laning of the Malegaon-Manmad-Kopargaon stretch in Maharashtra. The contract is worth Rs. 4.59 crore (Rs. 4,58,77,800) plus applicable GST. The project duration is 9 months, and the company must furnish a performance bank guarantee within 15 days of receiving the LOA. The order is purely domestic with no related party interest.
This is a new order win from a government client (NHAI) that adds Rs. 4.59 crore to the company's order book. Positive for revenue visibility over the next 9 months, though the size is modest for a public-listed entity. No material change expected in stock price from this standalone order.