DHRUV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dhruv Consultancy Services Limited has received a Letter of Award from the National Highway Authority of India (NHAI) for providing Supervision Consultant services. The project involves routine maintenance and periodic renewal work on a 80.397 km stretch of NH-52 from Aurangabad to Telwadi in Maharashtra. The contract value is Rs. 5.58 crore, excluding taxes. The project duration is 60 months (5 years). The company must furnish performance security deposit within 15 days and complete the contract agreement as per the bid document.
This is a positive development as the company secures a Rs. 5.58 crore government contract for 5 years, providing revenue visibility. However, the contract value is modest relative to company size.