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 has received a Letter of Acceptance from U.P. State Bridge Corporation Ltd. for a Project Management Consultancy contract. The work involves construction supervision in Kanpur district and construction of a Ganga River Bridge with approach road from Kanpur Nagar to Shuklaganj-Unnao. The contract is valued at Rs. 1,68,81,984 (approximately Rs. 1.69 crore) excluding GST and runs for 24 months. The order is domestic, awarded by a state government undertaking, with no related party interest. The company must furnish performance security within 10 days of LOA issuance.
A modest new government infrastructure order worth ~Rs. 1.69 crore spread over 24 months, adding to the order book but unlikely to materially move the stock given the relatively small size. Positive signal of continued order inflow from state government agencies.