Announced Tue, 5 May · 18:41 IST

Dhruv Consultancy Services Limited has informed the Exchange regarding 'Regulation 30 Project updates'.

Business Updates View source PDF

DHRUV · price

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Price reaction · full curve 14 horizons · vs prior close
-6.1%1-day move
₹35.23
prior close
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AI summary

Dhruv Consultancy Services Limited has received a Letter of Acceptance (LOA) from Maharashtra Airport Development Company Limited (MADC), a state government entity. The company, in association with Creative Group LLP, has been appointed as consultant for conducting a Feasibility Study for the Extension of Runway at Amravati Airport. The contract value is Rs. 84,68,812 (approximately Rs. 84.69 lakhs) excluding GST. The project duration is 5 months, and the company needs to submit a security deposit within 15 days of acceptance. This is a domestic order from a government client in the aviation infrastructure sector.

Likely market impact

The order represents a new government consultancy engagement in airport infrastructure, providing revenue visibility for the next 5 months. The domestic government client (MADC) adds stability, though the order size appears modest relative to typical consultancy revenues.