DHRUVBSEDhruv Consultancy Services LtdMediumPositive
Announced Tue, 5 May · 18:37 IST

Project update letter

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
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AI summary

Dhruv Consultancy Services Limited, in partnership with Creative Group LLP, has received a Letter of Acceptance from Maharashtra Airport Development Company Limited (MADC), a government entity. The company has been appointed as consultant for conducting a feasibility study for the extension of runway at Amravati Airport. The project value is Rs. 84,68,812 (approximately Rs. 84.69 lakhs), excluding GST. The project duration is 5 months, and the company must submit a security deposit within 15 days of accepting the LOA. This is a domestic government contract with no related party involvement.

Likely market impact

The contract represents a new government order worth about Rs. 84.69 lakhs, providing revenue visibility for the next 5 months. The association with Creative Group LLP may indicate collaborative project execution capability.