Dhruv Consultancy Services Limited has informed the Exchange regarding 'Regulation 30 Project Updates (2nd One)'.
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Dhruv Consultancy Services Limited has received a Letter of Award from the National Highway Authority of India (NHAI) for providing Supervision Consultant services. The project involves routine maintenance and periodic renewal work on a 80.397 km stretch of NH-52 from Aurangabad to Telwadi in Maharashtra. The contract value is Rs. 5.58 crore (excluding taxes), and the project duration is 60 months (5 years). The company must furnish performance security deposit within 15 days and complete the contract agreement as per bid documents.
This is a positive development as the company secures a Rs. 5.58 crore contract from a government entity (NHAI) with a 5-year execution period, providing revenue visibility. However, the impact on stock price will depend on how this compares to the company's existing order book and annual revenues.