LOA for Independent Engineer services on Ujjain-Jaora Highway worth Rs 8.34 Cr

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+4.1%Reaction day

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.0%+4.1% vs market

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Dhruv Consultancy Services received a Letter of Acceptance from Madhya Pradesh Road Development Corporation for Independent Engineer services on the Ujjain-Jaora Access Controlled Greenfield Highway in Madhya Pradesh. The order is valued at Rs 8.34 crore under a joint bid with two partners. Project duration is 48 months, including 24 months of construction and 24 months of defect liability. Performance security is due within 15 days.

Likely market impact

New government order worth Rs 8.34 crore adds to order book; small-cap consultancy benefits from road infrastructure demand.