Dhruv Consultancy Services secures LoA for Rs11.20 crore project; stock gains 3%

14 Jun 2022 , 09:46 AM

Dhruv Consultancy Services Ltd has received the Letter of Award (LoA) for Consultancy Services Project as Authority’s Engineer for Supervision of “Four laning of Vairengte – N Kawnpui Section of NH 306 & NH 6 in the State of Mizoram under Bharatmala Pariyojna on EPC Mode from the office of General Manager (Tech), National Highways & Infrastructure Development Corporation Limited, New Delhi on June 13, 2022 directly by the Company i.e. Dhruv Consultancy Services Limited & Joint Venture with Global Infra Solutions & in association with M S Consultant.

According to the filing, contract price towards the Consultancy Services as Authority’s Engineer for supervisions Services for the said Project will be Rs11.20 crore. The Contract period will be 84 months.

Further, 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 agreement as per RFP shall take place.

At around 9:49 AM, Dhruv Consultancy was trading at Rs49.75 per piece higher by 3.43% on the BSE. The scrip opened at Rs48.50 per piece on Tuesday.