Dhruv Consultancy bags contract worth Rs5.41 crore in Andhra Pradesh; stock adds ~1%

30 Aug 2022 , 10:35 AM

Dhruv Consultancy Limited informed that it has received a Letter of Acceptance (LOA) for the work of Consultancy Services.

The contract is to provide consultancy services for the Authority Engineer for Supervision of Rehabilitation and upgradation of NH-1678 from Km. 143/320 (Malakonda) to 189/050 (Singarayakonda) (on NH16) to two lane with paved shoulders in Andhra Pradesh through the EPC mode of Contract.

The LoA is received from the office of the Chief Engineer Government of Andhra Pradesh Roads & Buildings Department.

The order received is in association with KAIUS Consulting Private Limited.

As per the company, the consultancy services fees for the said Project will be Rs5.42 crore excluding taxes. The Contract will extend for a period of 78 months.

The Company must provide the Performance Bank Guarantee/Security within 15 days of receiving the LOA, after which all statutory procedures, including the signing of the contract agreement as per the RFP, must take place.

At around 10.11 AM, Dhruv Consultancy was trading at Rs63.75, up by 1.27% against previous close of Rs62.95 on BSE. It touched intraday high and low of Rs64.60 and Rs61.45 respectively.

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