Dhruv Consultancy Services Limited has informed the Exchange regarding 'Regulation 30 Project updates'.
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Dhruv Consultancy Services has received a Letter of Acceptance from Indian Port Rail & Ropeway Corporation Limited (IPRCL) for conducting route alignment survey, detailed engineering survey, and preparing a feasibility study report and Detailed Project Report (DPR) for a new railway line and private siding at the Rohne Coal Block. The project was bagged under the Government of India's SAGARMALA initiative. The contract is worth Rs. 1.94 crore (excluding GST) and must be completed within 37 weeks. The company is now required to furnish performance security and sign the contract agreement within 7 days. The order has been awarded by a domestic government entity, and there are no related-party interests involved.
This is a modest new order for the company from a government PSU, adding to its order book. While the value is relatively small, it strengthens Dhruv Consultancy's presence in infrastructure consultancy under the SAGARMALA programme. The contract is unlikely to be a major price catalyst on its own but supports the company's revenue pipeline.