Dhruv Consultancy Services Limited has informed the Exchange regarding 'Regulation 30 Project Updates '.
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Dhruv Consultancy Services has been empaneled as a Consultant (A category) by Maharashtra State Infrastructure Development Corporation (MSIDC) for preparing Detailed Project Reports (DPRs) for road projects. The empanelment is valid for 3 years. This allows the company to bid for road projects collectively worth over Rs. 36,000 Crores. The company is already working as a Project Management Consultant (PMC) with MSIDC on 11 existing packages, so this is an expansion of an existing relationship. The letter from MSIDC was received on August 12, 2025.
This is a positive development as it significantly widens the company's bidding pipeline for large road infrastructure projects in Maharashtra, though no actual order value has been confirmed yet. Shareholders should view this as an enabler for future business rather than immediate revenue, as the company still needs to win individual project bids under this empanelment.