Dhruv Consultancy Services Limited has informed the Exchange regarding 'Regulation 30 Project Updates'.
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Dhruv Consultancy Services Limited has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for providing Authority Engineer consultancy services for the construction of a 6-lane elevated corridor in Kolhapur city on NH48 in Maharashtra. The contract is valued at Rs. 8.01 crore (excluding GST) and will run for 96 months (8 years). The company is acting as part of a joint venture with Yongma Engineering Co. Ltd and Innovative Engineering Advisory LLP. 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 substantial government contract worth over Rs. 8 crore from NHAI, providing visibility of steady revenues for 8 years. The involvement of a joint venture partners reduces execution risk.