Dhruv Consultancy Services receives LoA worth Rs18.29 crore; Stock sheds 2%

17 Jun 2022 , 11:01 AM

Dhruv Consultancy Ltd has received the Letter of Acceptance (“LOA”) for the Project Management Consultancy Services for upgradation to 2/4/6 paved shoulders Project on newly declared NH216H Section up to NH 30 near Laxmipuram, in the state of Andhra Pradesh for a length of 120.85 Kms (approx.), received on June 16, 2022 directly by the Company i.e. Dhruv Consultancy Services Limited along with joint bidding agreement – Geo Designs & Research (P) Ltd & in association with Kaius Consulting Pvt. Ltd.

As per the filing, Consultancy Services Fes for the said Project will be Rs18,29,42,300/- excluding taxes. The Contract period will be of 102 months.

The Company need to submit the Performance Bank Guarantee / Security within 15 days from the receipt of the LOA, post which all the statutory formalities covering signing of contract agreement as per RFP shall take place, said company in a filing on Thursday.

At around 11:00 AM on Friday, Dhruv Consultancy was trading at Rs46.20 per share lower by 2.12% on the BSE.